OUEHT Q3 DPS rises, bolstered by hospitality business
Singapore
STRONGER contributions from its hotel segment helped OUE Hospitality Trust (OUEHT) chalk up a 10.6 per cent year-on-year rise in distribution per stapled security (DPS) to 1.36 Singapore cents for the third quarter ended 30 Sept.
OUEHT - a stapled group comprising OUE Hospitality Real Estate Investment Trust (OUE H-REIT) and OUE Hospitality Business Trust (OUE H-BT) - has an asset portfolio comprising the 1,077-room Mandarin Orchard Singapore (MOS), the 563-room Crowne Plaza Changi Airport (CPCA), and Mandarin Gallery retail mall.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs