But stripping one-off gains, it jumped to 17.6%.
Ascott Residence Trust (ART)’s DPU for 4Q15 came in at 2.07 S cents, reflecting a 4.2% slip. According to a report by OCBC, stripping one-off items in 4Q14, ART’s adjusted DPU would instead have soared 17.6% YoY.
Meanwhile, 4Q15 revenue saw a 25.5% YoY growth to $119.2m. It was boosted mainly by additional contribution from acquisitions made in 3Q15 and 4Q14, on top of marginally better operating performance from existing properties.
The company’s portfolio revenue per available unit (RevPAU) surged 17% YoY to $145, thanks in part to its recent acquisitions. Excluding these acquisitions, however, RevPAU inched up 2% YoY as a result of stronger performance of China, Indonesia, and Vietnam assets.
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