SINGAPORE (Oct 30): The manager of Far East Hospitality Trust (Far East H-Trust) has declared a 3Q18 DPS of 1.05 cents, 1.9% higher than a year ago, thanks to another quarter of growth for its hotel sector.

Gross revenue rose 11.1% to $30.5 million for 3Q18. Net property income was 11.8% higher at $27.7 million and income available for distribution was 4.8% higher at $20.1 million.

In the first nine months of 2018, net property income came in 9.1% higher at $76.4 million while DPS was 2.4% higher year-on-year at 3.00 cents.

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