Friday 29 Mar 2024
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SINGAPORE (April 19): Analysts were slightly disappointed with Ascott Residence Trust’s 1Q results which came in weaker than expectated.

Revenue increased by S$1.5 million or 1.4% y-o-y to $112.8 million mainly due to S$8.3 million additional revenue from last year’s acquisitions, offset by a S$4.0 million decrease in revenue from divestments and another S$2.8 million from existing properties.

Last year, ART had acquired two German assets in May, its third US property in August, and Ascott Orchard Singapore in Oct... (Click here to read the full story)

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