Frasers Hospitality Trust's Q4 DPS lower than forecast

Singapore

GROUP revenue and net property income at Frasers Hospitality Trust (FHT) were both better than forecast for the fiscal fourth quarter. But distribution per stapled security (DPS) of 1.66 Singapore cents for the three months ended Sept 30, 2015, was slightly lower than the projected 1.68 Singapore cents because of higher interest expenses resulting from a higher proportion of fixed-rate borrowings.

The Q4 DPS includes the 0.09 cent per unit of advanced distribution for July 1-5 paid on Sept 28. For the full year, its DPU was 7.56 cents, beating its own forecast by 2.6 per cent.