SINGAPORE (Nov 1): The manager of OUE Hospitality Trust (OUE HT), a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business Trust, has announced a distribution per stapled security (DPS) of 1.36 cents for the 3Q ended September, up 10.6% from 1.23 cents a year ago.
This brings DPS for the first nine months of 2017 to 3.87 cents, 19.1% higher than DPS of 3.25 cents in 9M16.
Gross revenue grew 5.4% to $34.0 million in 3Q17, led by a 7.1% increase in revenue from its hospitality segment to $25.4 million.
