OUE H-Trust Q2 DPS falls 9.4% on softer revenue, higher interest expense
Lower payout is mainly due to lower income from the hospitality segment
Singapore
OUE Hospitality Trust's (OUE H-Trust) distribution per stapled security (DPS) fell 9.4 per cent to 1.06 Singapore cents for the second quarter ended June 30, weighed down by lower revenue as well as higher interest expense.
Gross revenue fell 4.4 per cent to S$29.38 million as both the hospitality and retail segments recorded weaker revenue, while net property income (NPI) was 4.5 per cent lower at S$25.31 million. Distr…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 HDB shops, private strata retail units on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece