SINGAPORE (May 10): The manager of Ascendas Hospitality Trust reported a distribution per stapled security (DPS) of 1.72 Singapore cents for the 4Q18 ended March, 25.5% higher than the DPS of 1.37 Singapore cents declared a year ago in 4Q17.

On a full year basis, A-HTRUST posted a growth of 3.2% y-o-y in DPS to 5.86 Singapore cents.

Gross revenue fell 4.6% to S$54.7 million in 4Q18 and net profit income fell 8% to S$23.7 million. However, income available for distribution less income retained for working capital grew by 26.3% to S$19.5 million largely due to the inclusion of look fee received in connection with the divestment of the two hotels in Beijing, China... (Click here to read the full story)