Corporate digest

Frasers Hospitality Trust

FRASERS Hospitality Trust reported a distribution per unit (DPU) of 1.56 Singapore cents for its third quarter ended June 30, 2015. This was 0.65 per cent higher than its forecast. Compared to its forecast, gross revenue was 3 per cent lower at S$23.72 million, while net property income was 1.2 per cent lower at S$19.22 million. The distributable income of S$18.8 million was in line with its forecast.

Its properties in Japan, Australia and the UK continued to outperform forecasts due to strong occupancies and growth in revenue per available room despite unfavourable foreign exchange movements, the Reit's manager said. These helped to balance its portfolio, given weaker markets in Malaysia and Singapore. The DPU is payable on Sept 28.