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ARA US Hospitality Trust announces DPU, plans selective divestment

Goola Warden
Goola Warden • 1 min read
ARA US Hospitality Trust announces DPU, plans selective divestment
ARA US Hospitality Trust announces distributions, and portfolio optimisation by selective divestment
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ARA US Hospitality Trust announced that it recorded a net property income of US$24.9 million, and Hospitality Trust trades ex-distribution on March 2, books close on March 3, and distribution is on March 30 this year. Unlike Eagle Hospitality Trust, ARA US Hospitality Trust has made and will continue to make distributions when possible.

In order to lower its gearing ratio of 44.3%, the manager is looking at portfolio optimisation through selective divestments.

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