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OUE Hospitality Trust posts 9.4% fall in 2Q19 DPS to 1.06 cents on lower revenue

Uma Devi
Uma Devi8/6/2019 07:07 PM GMT+08  • 2 min read
OUE Hospitality Trust posts 9.4% fall in 2Q19 DPS to 1.06 cents on lower revenue
SINGAPORE (Aug 6): The manager of OUE Hospitality Trust (OUE HT) has declared a distribution per stapled security (DPSS) of 1.06 cents in 2Q19, a 9.4% drop from the 1.17 DPSS declared in 2Q18 the preceding year.
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SINGAPORE (Aug 6): The manager of OUE Hospitality Trust (OUE HT) has declared a distribution per stapled security (DPSS) of 1.06 cents in 2Q19, a 9.4% drop from the 1.17 DPSS declared in 2Q18 the preceding year.

OUE HT is a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business Trust.

Gross revenue for the quarter fell 4.4% to $29.4 million in 2Q19 from $30.7 million in 2Q18, on the back of lower revenue contributions from hospitality and retail segments.

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