Basic Profile & Key Statistics Ascott Residence Trust (ART) is a stapled group that invests in serviced residences, hotels, rental housing properties and currently owns 86 properties across 15 countries.
Performance Review Gross revenue, gross profit, income available for distribution and DPU decreased YoY by 39%, 53% 32% and 52% respectively. Distribution in 2H included S$40 million of partial distribution from divestment. REVPAU dropped across all countries with China being the least and UK being the worst. ART has completed the acquisition of Student Accommodation -  Signature West Midtown in U.S. on 27 February 2021, which is expected to be 4.4% accretive to DPU.

Lease Profile

Income in SGD/Major Currencies is slightly low at 77.6%WALE is long at 7 yearsHighest lease expiry within 5 years is slightly low at 26% which falls in 2023.Weighted average land lease expiry is long at 81.99 years...