ASAP Member Ascott has released its latest figures from its Residence Trust’s (Ascott Reit) which shows healthy increases across many divisions at the end of 2018 and for the full year, including:

  • distribution per unit (DPU) increased 5% year-on-year to 2.15 cents in Q4 2018
  • unitholders’ distribution for the whole of 2018 is a record high at S$154.8 million, 2% up over FY 2017
  • gross profit for 4Q 2018 increased 3% to S$63.4 million
  • revenue grew 2% to S$136.5 million
  • Ascott Reit’s revenue per available unit (RevPAU) for 4Q 2018 increased 5% year-on-year to S$163.
In Q4 2018, Ascott’s key markets included the US, China and Japan, with gross profit up 17%, 16% and 12% respectively.

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News Release – Ascott Reit 4Q 2018 distribution per unit increases
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