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FEHT posts 1% dip in 3Q DPS to 1.04 cents on enlarged base

Stanislaus Jude Chan
Stanislaus Jude Chan10/30/2019 02:56 PM GMT+08  • 3 min read
FEHT posts 1% dip in 3Q DPS to 1.04 cents on enlarged base
SINGAPORE (Oct 30): The manager of Far East Hospitality Trust (FEHT) has announced distribution per stapled security (DPS) of 1.04 cents for the 3Q19 ended September, some 1.0% lower than DPS of 1.05 cents a year ago.
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SINGAPORE (Oct 30): The manager of Far East Hospitality Trust (FEHT) has announced distribution per stapled security (DPS) of 1.04 cents for the 3Q19 ended September, some 1.0% lower than DPS of 1.05 cents a year ago.

The decline was mainly due to an enlarged base, largely as a result of the implementation of the Distribution Reinvestment Plan in the last three quarters.

Income available for distribution rose 1.5% to $20.4 million in 3Q19, from $20.1 million a year ago.

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