Far East H-Trust Q2 DPU lower

AGAINST the backdrop of a challenging operating environment, Far East Hospitality Trust marked a 4.9 per cent dip in distributable income to S$22.1 million for the second quarter ended June 30.

Its distribution per unit (DPU) fell a larger 13.3 per cent to 1.24 Singapore cents. This was due to an enlarged stapled security base after issuing 148.3 million new stapled securities to a unit of The Straits Trading Company and Golden Development (a member of Far Eas…