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Frasers Hospitality Trust posts 10.2% drop in 3Q DPS to 1.0086 cents

Stanislaus Jude Chan
Stanislaus Jude Chan7/31/2019 01:08 AM GMT+08  • 2 min read
Frasers Hospitality Trust posts 10.2% drop in 3Q DPS to 1.0086 cents
SINGAPORE (July 31): Frasers Hospitality Trust (FHT) has announced distribution per stapled security (DPS) of 1.0086 cents for the 3Q19 ended June, some 10.2% lower than DPS of 1.1226 cents a year ago.
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SINGAPORE (July 31): Frasers Hospitality Trust (FHT) has announced distribution per stapled security (DPS) of 1.0086 cents for the 3Q19 ended June, some 10.2% lower than DPS of 1.1226 cents a year ago.

Income available for distribution fell 9.0% to $19.2 million, from $21.1 million a year ago.

3Q19 gross revenue dropped 8.4% to $35.0 million, compared to $38.2 million in the corresponding quarter last year.

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