Home Capital Results

OUE Hospitality Trust posts 3.3% lower 2Q DPS of 1.17 cents on revenue decline

Michelle Zhu
Michelle Zhu7/29/2018 11:35 AM GMT+08  • 2 min read
OUE Hospitality Trust posts 3.3% lower 2Q DPS of 1.17 cents on revenue decline
SINGAPORE (July 29): The manager of OUE Hospitality Trust (OUE HT) has declared a 2Q distribution per stapled security (DPS) of 1.17 cents, down 3.3% from its 2Q17 DPU of 1.21 cents on lower revenue from both its hospitality and retail segments.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 29): The manager of OUE Hospitality Trust (OUE HT) has declared a 2Q distribution per stapled security (DPS) of 1.17 cents, down 3.3% from its 2Q17 DPU of 1.21 cents on lower revenue from both its hospitality and retail segments.

OUE HT is a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business Trust. The former’s asset portfolio comprises two hotels, Mandarin Orchard Singapore (MOS) and Crowne Plaza Changi Airport (CPCA), while the latter trust is dormant.

Gross revenue for the quarter fell 1.4% on-year to $30.7 million from $31.2 million previously as income from MOS registered a decline in wholesale segment and lower food and beverage (F&B) sales.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now