Singapore

A SOFTER performance by its hotel and office portfolios has led to a lower distribution per stapled security (DPS) of 1.03 Singapore cents for its third quarter ended Sept 30, said Far East Hospitality Trust (Far East H-Trust) on Thursday. Its DPS is down 8 per cent from 1.12 Singapore cents a year ago.

For the quarter, gross revenue slipped 2 per cent year-on-year to S$27.46 million on the back of lower master lease rental from the hotels and serviced residences and a softer performance from its retail and office spaces, Far East H-Trust said.