OUE Hospitality Trust DPS in Q3 up 2.5% from forecast
Add BT as a preferred sourceOUE Hospitality Trust on Monday reported distribution per share of 1.64 Singapore cents in the third quarter, up 2.5 per cent from its forecast, on higher distributable income.
Income available for distribution was stronger than expected as a result of higher net property income of S$25.4 million, which rose 1.6 per cent.
Mandarin Orchard Singapore recorded better revenue per available room (RevPAR) of S$252 for the three months ended September, as compared to the forecast RevPAR of S$248. This was boosted by higher sales from the corporate business segment.
Share with us your feedback on BT's products and services
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
