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FHT's Q1 DPS gets a lift from Sofitel Sydney

DPS of 1.72 cents is a 7.5% rise from estimated DPS of 1.6 cents in same period last year

The full contribution of Sofitel Sydney Wentworth boosted the gross revenue and net property income of the Reit's Australia properties to A$9.6 million and A$8.5 million respectively.


FRASERS Hospitality Trust (FHT) reported a distribution per stapled security (DPS) of 1.72 cents for the first quarter ended Dec 31, 2015, bolstered by full contribution from Sofitel Sydney Wentworth which was acquired in July 2015.

This represented a 7.5 per cent