Ascendas Hospitality Trust sees Q3 distributable income of $16.6 million
Ascendas Hospitality Trust (A-HTrust) yesterday announced a distributable income of $16.6 million for the third quarter ended Dec 31.
This was a rise of 33.2 per cent, compared with the same period a year earlier.
The results came on the back of better performance of the Australia portfolio, full quarter contribution from Ibis Beijing Sanyuan and new income from Park Hotel Clarke Quay, which was acquired in June.
The distribution per unit rose 3.9 per cent to 1.61 cents, compared with the same period a year earlier.