(ASAP Member) Ascott Residence Trust’s (Ascott Reit) distribution per unit for the first quarter of 2019 grew 7%, to 1.45 cents, compared with the same quarter last year.

Gross profit increased 2% to S$49.5 million, while revenue climbed 3% to S$115.9 million.

More than half of Ascott Reit’s gross profit is contributed by growth income through management contracts, while the remainder is from master leases and management contracts. Ascott Reit’s diversified portfolio spans 14 countries, around 60% in Asia Pacific and 40% in Europe and the US.

News Release_Ascott Reit 1Q2019 Results

 

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