Frasers Hospitality Trust DPS falls 9.4% for Q4 to 1.19 cents
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Singapore
HOTELS and serviced residences owner Frasers Hospitality Trust on Friday posted a 9.4 per cent fall in distributable per stapled security (DPS) to 1.19 Singapore cents for the fourth quarter ended Sept 30, down from 1.31 cents a year ago.
This took into account the effect of a S$266.3 million rights issue to strengthen its balance sheet that was announced in September, which saw the number of stapled securities rise 27.4 per cent to 1.84 billion. Without the effects of the rights issue, DPS would be 1.57 Singapore cents for the quarter - 5.4 per cent lower than last year's 1.66 cents.
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