OUE Hospitality Trust Q4 DPS up 0.8% to 1.28 Singapore cents

Singapore

OUE Hospitality Trust's (OUE H-Trust) distribution per stapled security (DPS) for the fourth quarter ended Dec 31 rose to 1.28 Singapore cents, up 0.8 per cent from 1.27 cents.

The increase was due to lower interest expense and higher contribution from the retail segment, partially offset by lower income received from the hospitality segment.