SINGAPORE (Feb 17): The managers of Eagle Hospitality Trust (EHT) has announced distribution per stapled security (DPS) of 1.179 US cents for 4QFY2019 ended December, falling a whopping 24.4% short of its initial public offering (IPO) forecast of 1.56 US cents.

On a fully diluted basis, this translated to a loss per share of 0.568 US cent for 4QFY2019.

Income available for distribution to stapled securityholders stood at US$10.3 million ($14.3 million) for the quarter, missing the IPO forecast by 24.3%.

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