Ascott Residence Trust reported unaudited consolidated financial results for the fourth quarter and full year ended Dec. 31, 2012. For the quarter, the company reported revenue of SGD 75,934,000 against SGD 75,267,000 for the same period of last year. Gross profit was SGD 38,509,000 against SGD 39,988,000 for the same period of last year. Total return for the period before tax was SGD 6,958,000 against SGD 71,581,000 for the same period of last year. Total return for the period attributable to unit holders was SGD 1,362,000 or 0.12 cents per basic and diluted share against SGD 51,157,000 or 4.53 cents per basic and diluted share for the same period of last year. The increase in revenue was mainly due to the contributions from the acquisitions, partially offset by the decrease in revenue from the divestments. Cash flows from operating activities was SGD 23,948,000 against SGD 64,405,000 for the same period of last year. Acquisition of plant and equipment was SGD 333,000 against SGD 6,414,000 for the same period of last year. Capital expenditure on serviced residence properties was SGD 4,035,000 against SGD 3,899,000 for the same period of last year.

For the year, the company reported revenue of SGD 303,841,000 against SGD 288,653,000 for the same period of last year. Gross profit was SGD 159,147,000 against SGD 157,482,000 for the same period of last year. Total return for the period before tax was SGD 199,950,000 against SGD 225,000,000 for the same period of last year. Total return for the period attributable to unit holders was SGD 162,354,000 14.3 cents per basic and diluted share against SGD 180,277,000 16.06 cents per basic and diluted share for the same period of last year. Cash flows from operating activities was SGD 125,178,000 against SGD 131,996,000 for the same period of last year. Acquisition of plant and equipment was SGD 7,729,000 against SGD 15,163,000 for the same period of last year. Capital expenditure on serviced residence properties was SGD 11,140,000 against SGD 9,406,000 for the same period of last year.

Though the extent of world economy recovery is uncertain, the Group is positive on the long term growth of the markets it operates in and expects to remain profitable in fiscal 2013.

The company announced distributions are made on a semi-annual basis, with the amount calculated as at June 30 and December 31 each year. For the period of July 1, 2012 to December 31, 2012, Unit holders can expect to receive their distribution of 4.238 cents per unit on February 28, 2013. The Book Closure Date is February 5, 2013. Ex-Date February 1, 2013.