Ascott Residence Trust's distribution per unit (DPU) fell 4% to 2.07 cents in the 4Q15 ended Dec, from 2.16 cents a year ago.
But if the one-off item of about $6.1 million in 4Q14 was excluded, DPU would have risen by 18% to 2.07 cents from 1.76 cents.
For the three months to Dec, revenue leapt 26% to $119.2 million from $95 million previously, mainly due to the additional revenue from $609 million worth of acquisitions made last year.
Its acquisitions in 4Q14 and stronger operating performance from existing properties also contributed to the revenue growth, Ascott REIT says.
Looking forward, Ascott REIT says it will continue to seek accretive acquisitions in key cities in Australia, Japan, Europe, and the US.
Ascott REIT ended flat at $1.10 on Monday.
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But if the one-off item of about $6.1 million in 4Q14 was excluded, DPU would have risen by 18% to 2.07 cents from 1.76 cents.
For the three months to Dec, revenue leapt 26% to $119.2 million from $95 million previously, mainly due to the additional revenue from $609 million worth of acquisitions made last year.
Its acquisitions in 4Q14 and stronger operating performance from existing properties also contributed to the revenue growth, Ascott REIT says.
Looking forward, Ascott REIT says it will continue to seek accretive acquisitions in key cities in Australia, Japan, Europe, and the US.
Ascott REIT ended flat at $1.10 on Monday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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