Far East H-Trust posts Q4 DPS of 1.42¢

FAR EAST Hospitality Trust (Far East H-Trust) has posted a distribution per stapled security (DPS) of 1.42 cents for the fourth quarter ended December, 2.1 per cent short of its forecast of 1.45 cents.

Income available for distribution for the quarter was $25.1 million, 2.2 per cent short of its forecast of $25.6 million.

"In spite of the challenges in the macroeconomic and operating environments, the average occupancy of our hotels and serviced residences remained high," said Gerald Lee, chief executive officer of the Reit manager.