Far East Hospitality Trust's Q2 DPS falls 12.9% on lower NPI

FAR East Hospitality Trust on Friday posted a 12.9 per cent fall in distribution per stapled security (DPS) for the second quarter on lower net property income (NPI).

DPS for the three months ended June 30, 2016, stood at 1.01 Singapore cents, compared to 1.16 Singapore cents a year ago.

NPI fell 9.7 per cent to S$23.5 million, reflecting reduced revenue contribution from the hotels and serviced residences, and softer performance of the retail and office spaces.