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OUE Hospitality Trust posts 10.6% jump in 3Q DPS to 1.36 cents

Stanislaus Jude Chan
Stanislaus Jude Chan11/1/2017 07:19 PM GMT+08  • 2 min read
OUE Hospitality Trust posts 10.6% jump in 3Q DPS to 1.36 cents
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
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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.

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