FHT posts better DPU than expected in Q2

Singapore

FRASERS Hospitality Trust (FHT) on Thursday reported a distribution per unit (DPU) of 1.38 Singapore cents for its second quarter ended March 31, 2015 - 3.8 per cent higher than its forecast. The hospitality real estate investment trust (Reit) listed here last July.

Gross revenue was 1.7 per cent higher at S$24 million, while net property income was 0.9 per cent higher at S$19 million.