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OUE Hospitality Trust's Q2 revenue up 4.6% at S$29.6m

OUE Hospitality Trust on Thursday posted a 2.2 per cent uptick in net property income to S$25.8 million for the second quarter ended June 30, 2015, compared to the same period last year.

Gross revenue increased 4.6 per cent to S$29.6 million for the quarter, on the back of contributions from Crowne Plaza Changi Airport which was acquired on Jan 30.

Distributable income decreased 6.6 per cent to S$20.2 million and distribution per stapled security fell 7.3 per cent to 1.52 Singapore cents.

The book closure date has been set as Aug 21 and the distribution payment is on Sept 15, 2015.