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OUE Hospitality Trust’s 3Q DPS falls 28.5% to 1.23 cents on lower retail revenue

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OUE Hospitality Trust’s 3Q DPS falls 28.5% to 1.23 cents on lower retail revenue

Benjamin Cher Published on Mon, Oct 31, 2016 / 7:25 PM GMT+8

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SINGAPORE (Oct 31): OUE Hospitality Trust (OUE HT) reported higher revenue and net property income (NPI) in 3Q16 from a year ago but DPS fell 28.5% to 1.23 cents due to lower distribution income and an enlarged number of stapled securities following a rights issue in April.

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