SINGAPORE (Oct 26): The manager of Frasers Hospitality Trust (FHT) has declared a 4Q18 DPS of 1.2154 cents, 4.8% below last year.
Gross revenue and net property income were $38.7 million and $29.4 million respectively, down 6.9% and 6.7% y-o-y. The declines were due to overall weaker portfolio performance except for the Singapore and Germany portfolios.
However, distributable income declined a smaller 3.4% y-o-y to $23 million due to a writeback of tax provision.