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.

[pdf-embedder url=”https://hub.theasap.org.uk/wp-content/uploads/2018/11/Ascott-Reit-3Q-2018-results-release.pdf” title=”Ascott Reit 3Q 2018 results release”]

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