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Mandarin mall, hotel drag down OUEHT's Q4 DPS

Tuesday, January 26, 2016 - 05:50
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On the retail side, the manager expects Mandarin Gallery to record lower occupancy in the first half of 2016 due to slower lease renewals and more fitout periods.

Singapore

OUE Hospitality Trust's (OUEHT) fourth-quarter revenue and earnings were boosted by contributions from Crowne Plaza Changi Airport (CPCA), acquired in January 2015.

However, lower contributions from its Mandarin Orchard Singapore hotel and Mandarin Gallery resulted in