Ascendas Hospitality Trust posts 5.5% decline in 2Q DPS to 1.38 cents

By Stanislaus Jude Chan
/ The Edge Singapore |
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SINGAPORE (Oct 29): The managers of Ascendas Hospitality Trust has announced distribution per stapled security (DPS) of 1.38 cents for the 2Q19 ended September, some 5.5% lower than DPS of 1.46 cents a year ago.
The decline was mainly due to the absence of partial distribution of the partial proceeds from divestment of $1.7 million made in the corresponding quarter last year.
With the retention of $1.2 million for working capital in the quarter, income to be distributed for the quarter would be $15.7 million, some 5.1% lower than distributable income of $16.6 million a year ago.
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