Ascott Residence Trust (SGX.HMN) announces its 2H 2021 results today. Dividend per security (DPS) increases 14% Year-on-Year to 2.27 cents as compared to 2H 2020 and increases 43% Year-on-Year to 4.32 cents as compared to 2020. As advanced distribution of 0.545 cents has been made on 9 Nov 2021 for the period 1 Jul 2021 to 19 Sep 2021 due to private placement, a DPS of 1.726 cents for the period 20 Sep 2021 to 31 Dec 2021 will be paid to existing Security holders on 1 Mar 2022. Distribution per Security for 2021 increases 43% to 4.32 cents and revenue per available unit (REVPAU) increases 17% to $69 from 2020, indicating a recovery in hospitality industry. REVPAU for 4Q 2021 hits $87, registering the strongest quarter-on-quarter increase at 24%. The long-stay properties continued to provide income stability, while the easing of travel restrictions and increased global activities led to a hike in...