Ascott Reit Q1 2011 Quarterly Earnings Report

Ascott Reit Q1 2011 Quarterly Earnings Report:

• Press Release
• Financial Results
• Presentation Slides

Key Points

• Distribution per unit (DPU) for the period is 2.14 cents.
• Ascott Reit’s revenue for first quarter 2011 increased by S$23.8 million or
  55% to S$67.3 million as compared to first quarter 2010. 
• Gross profit was correspondingly higher by 81% at S$36.4 million. 
• The increase in revenue and gross profit were mainly due to the contribution of S$27.7 million and S$17.1 million respectively from the 28 properties acquired by Ascott Reit on 1 October 2010, partially offset by the decrease of S$4.7 million and S$1.4 million in revenue and gross profit respectively from the divestment of Ascott Beijing and Country Woods.
• NAV per unit of S$1.26 as at 31 Mar 2011.
• Gearing of 41.1% as at 31 Mar 2011.

Author's Note

The DPU for the reporting quarter is 2.14 cents. There will be no distribution for this quarter as the Reit has a semi-annual distribution policy.


The DPU was 2.16 cents in the previous quarter.

Related Posts

• Ascott Reit Q4 2010 Quarterly Earnings Report
• Ascott Reit Q3 2010 Quarterly Earnings Report
• Results Release 
• DPU Information Page