OUE H-Trust DPU up 6.6% in Q4

Singapore

OUE Hospitality Trust's (OUE H-Trust) fourth-quarter distributable income rose 7.5 per cent on the back of better per-unit revenues in its hotel and mall assets.

Income available for distribution rose to S$23.6 million in the quarter ended Dec 31, about 1.3 per cent more than the trust's own forecast. Distribution per unit increased by 6.6 per cent to 1.78 Singapore cents.