Far East H-Trust warns of challenging operating environment
The Reit manager is also expecting more hotels to open in 2016
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Singapore
FAR East Hospitality Trust (Far East H-Trust) chalked up a slightly higher distribution of 1.08 Singapore cents in Q1FY16 but warned that the local hospitality sector continued to face challenges from the injection of supply from new hotels and weaker corporate demand.
The distribution per stapled security (DPSS) for the quarter ended March 31, 2016 was up from 1.07 cents in the corresponding quarter a year ago. The DPSS is payable May 31.
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