Far East Hospitality Trust Q3 DPU drops 6.4%

Singapore

FAR East Hospitality Trust reported a 3.1 per cent drop in distributable income to S$23.45 million for the third quarter ended September 2014 from a year ago.

Distribution per unit (DPU) fell 6.4 per cent to 1.32 Singapore cents from 1.41 Singapore cents a year ago.

Net property income for the quarter slipped 1.2 per cent to S$28.19 million from S$28.52 million. Gross revenue was flat, turning in some S$31.15 million, down one per cent from S$31.47 million achieved over the previous yea…