Ascott Residence Trust provided distribution guidance for the fiscal year 2020. For the period, the company expects income available for distribution to reduce by 40% to 50% from the SGD 165.6 million recorded for the financial year ended 31 December 2019 and ART's distribution per stapled security for Fiscal Year 2020 is expected to reduce by 60% to 70% from the 7.61 Singapore cents recorded for Fiscal Year 2019.