REIT Financial News - Q2 2010 Quarterly Earnings Report for Ascott Reit

Second quarter 2010 results for Ascott Reit:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• Ascott Reit achieved a unitholders’ distribution of S$11.6 million for the period 1 April to 30 June 2010, 5% higher than the same period last year.
• DPU in the second quarter increased by 4% to 1.87 cents.
• Unitholders’ distribution and DPU for the period 1 January to 30 June 2010 are S$21.8 million and 3.53 cents respectively.
• The book closure date is Monday, 2 August 2010 and the distribution payment date is Friday, 27 August 2010.
• Independent valuations of the Group’s portfolio were conducted as at 30
  June 2010. The portfolio was revalued at S$1.56 billion, an increase of
  S$31.7 million, or 2% compared to its last valuation on 31 December 2009.
• Ascott Reit’s net asset value (NAV) per unit as at 30 June 2010 is S$1.38.

Author's Note
The semi-annual DPU for 1H 2010 of 3.53 cents will be paid on 27 Aug 2010, with the book closure date on 2 Aug 2010.

The DPU was 1.66 cents for the previous quarter.