ARA H-Trust Q1 profit misses IPO forecast by 47.8% at US$8.1m
Stapled group also posts gross revenue of US$31.7m and net property income of US$3.6m for the three months ended March 31
Singapore
ARA US Hospitality Trust (ARA H-Trust) posted a gross operating profit of US$8.1 million for its first quarter, falling 47.8 per cent short of its initial public offering (IPO) forecast of US$15.5 million, the trust's managers said in a business update on Friday.
The stapled gro…
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