ASAP Member Ascott has announced that Ascott Residence Trust’s (ART) distribution per stapled security (DPS) for Q4 2019 rose 6% to 2.27 cents, compared with the same quarter last year.

It also announced profit across various regions and brands, including the acquisition of Quest Macquarie Park Sydney which is in line with ART’s strategy on returns and investments in developed markets, and maintaining a predominantly Asia Pacific-centric portfolio.

Pictured: Ascott Makati, one of ART’s two properties in Philippines, where gross profit for 4Q 2019 increased by 42% due to stronger demand. 

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