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OUE Hospitality Trust's Q1 DPS down 4.2%

Distributable income falls 3.1% on weaker showing from Mandarin Orchard hotel
Friday, May 8, 2015 - 05:50
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Crowne Plaza Changi Airport helped boost revenue and net property income.

Singapore

OUE Hospitality Trust (OUE H-Trust) posted on Thursday a 3.1 per cent year-on-year fall in distributable income from S$22.1 million to S$21.4 million for the first quarter ended March 31, 2015, due to the weaker operating performance of Mandarin Orchard Singapore hotel.