ASAP Member Ascott’s Residence Trust (Ascott Reit) has posted a strong 3Q 2018, with Unitholders’ distribution and distribution per unit (DPU) rising by 8% to S$39.4 million and 1.82 cents respectively over 3Q 2017.

Revenue grew 6% year-on-year underpinned by additional revenue from acquisitions in Singapore and New York, and higher revenue from existing properties in key markets including Singapore, China and Japan.

Ascott Reit 3Q 2018 results release
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