SINGAPORE (April 28): The managers of Frasers Hospitality Trust (FHT) have posted a distribution per stapled security (DPS) of 1.2063 cents, down 9.1% on-year from 1.3274 cents in 2Q16 due to the enlarged stapled security base post-rights issue.
Gross revenue for the quarter grew 43.1% to $38.7 million from $27 million a year ago, boosted by the addition of Novotel Melbourne on Collins and Maritim Hotel Dresden as well as better performance of Sydney, UK and Malaysia properties.
These were partially offset by the soft performance of Singapore and Japan properties.
