ASAP Member Ascott Residence Trust’s (Ascott Reit) distribution per unit (DPU) for 3Q 2019 rose 5% to 1.91 cents over the same period last year.

Unitholders’ distribution for 3Q 2019 grew 6% to S$41.6 million including a one-off gain of S$4.0 million gain from the divestment of Ascott Raffles Place Singapore in May 2019.

Pictured: lyf one-north Singapore

News release – Ascott Residence Trust 3Q 2019 results