Corporate digest

Frasers Hospitality Trust

HOTELS and serviced residences owner Frasers Hospitality Trust (FHT) reported a distribution per stapled security (DPS) of 1.51 Singapore cents for its third quarter ended June 30, down 3 per cent from 1.56 cents a year ago. This was due to a higher number of stapled securities of 1.38 billion at end-June compared with 1.2 billion a year ago. Net property income rose 40.5 per cent to S$27 million for the quarter compared to a year ago, while gross revenue was up 33.9 per cent to S$31.7 million. These increases were due to newly-add…