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Eagle Hospitality Trust maiden DPU of 0.65 US cent beats forecast

PC Lee
PC Lee8/14/2019 11:20 AM GMT+08  • 2 min read
Eagle Hospitality Trust maiden DPU of 0.65 US cent beats forecast
SINGAPORE (Aug 14): The trustee-managers of Eagle Hospitality Trust (EHT) has declared a DPU of 0.650 US cent for the period from its May 24 listing date to June 30. This was 1.2% higher than the projected DPU of 0.642 US cent.
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SINGAPORE (Aug 14): The trustee-managers of Eagle Hospitality Trust (EHT) has declared a DPU of 0.650 US cent for the period from its May 24 listing date to June 30. This was 1.2% higher than the projected DPU of 0.642 US cent.

Total revenue came in 1.3% lower than projected at US$9.5 million due to the short time period for ramp-up following the completion of the broader portfolio's significant renovation programme, EHT’s trustee-manager said.

For the reporting period, the total portfolio of 18 assets achieved a RevPAR of US$98.3; however, the five Work-in-Progress hotels and 13 upgraded hotels generated RevPAR of US$77.3 and US$107.3, respectively.

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