OUE H-Trust posts 7.3% dip in Q2 DPS

Singapore

AMID headwinds in the hospitality and retail markets, OUE Hospitality Trust (OUE H-Trust) reported a 7.3 per cent year-on-year drop in distribution per stapled security (DPS) for the second quarter ended June 30 to 1.52 cents.

Net property income from its hospitality segment grew 5.1 per cent from a year ago to S$19.1 million, as contribution from the newly ac…