Chong Kee Hiong

The time to look into hospitality REITs is now

SINGAPORE (Aug 4): Chong Kee Hiong, CEO of OUE Hospitality Trust (OUE-HT)’s manager, senses from his regular interaction with investors that the market is looking for an inflection point in the hotel sector.

“More investors are looking into this segment and we are getting more enquiries, and the same group of investors is seeing other hospitality players. It’s a very macro picture for these investors,” Chong says.

The local hotel sector has been in a slump for years as a result of a surge in the supply of rooms that outpaced demand.

OUE H-Trust posts 39.5% lower 2Q DPU of 0.92 cent on lower revenue

SINGAPORE (Aug 1): OUE Hospitality Trust (OUE H-Trust) has declared a distribution per stapled security (DPU) of 0.92 cents for 2Q16, 39.5% lower from 1.52 cents a year ago.

Revenue fell by 9.2% to $26.9 million in the second quarter ended June, from $29.6 million in the preceding year while Net Property Income (NPI) dropped 10.2% to $23.2 million, as a result of lower revenue from both the hospitality and retail segments.

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