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FHT reports 3.9 times surge in DPS of 0.7039 cents for 1HFY2022 on low base

Felicia Tan
Felicia Tan4/29/2022 10:12 AM GMT+08  • 3 min read
FHT reports 3.9 times surge in DPS of 0.7039 cents for 1HFY2022 on low base
Unitholders will receive their distributions on June 29. Photo: FHT
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Frasers Hospitality Trust (FHT) has reported distribution per stapled security (DPS) of 0.7039 cents for the 1HFY2022 ended March. The half-year period’s DPS was 3.9 times higher than the DPS of 0.1790 cents in the corresponding period a year ago as many countries remained under tight restrictions at the time.

“The recovery pace continues to vary across geographies and FHT has observed a gradual uptick in demand and performance in some markets,” reads the statement put out by FHT on April 29.

The trust’s gross revenue for the 1HFY2022 increased by 10.4% y-o-y to $44.1 million while net property income (NPI) increased by 18.4% y-o-y to $31.7 million. The improvements were due to a better operating environment and partly offset by the impact of the Omicron variant which affected FHT’s performance in the 2QFY2022.

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