Frasers Hospitality Trust posts 24.8% drop in H2 DPS; to divest Sydney asset for A$315m
Decline due to lower retained distributable income of S$4.3m in H1 of FY2021, versus S$22.3m retained in H1 FY2020
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Singapore
FRASERS Hospitality Trust (FHT) saw its distribution per stapled security (DPS) for the half year ended Sep 30, 2021 fall 24.8 per cent on-year from its H2 FY2020 DPS of S$0.010695, announced managers of the stapled group on Friday (Oct 29).
The decline was due to lower retained distributable income of S$4.3 million in H1 of FY2021, compared to S$22.3 million of distributable income retained in H1 FY2020.
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