OUEHT Q3 DPS rises, bolstered by hospitality business

Singapore

STRONGER contributions from its hotel segment helped OUE Hospitality Trust (OUEHT) chalk up a 10.6 per cent year-on-year rise in distribution per stapled security (DPS) to 1.36 Singapore cents for the third quarter ended 30 Sept.

OUEHT - a stapled group comprising OUE Hospitality Real Estate Investment Trust (OUE H-REIT) and OUE Hospitality Business Trust (OUE H-BT) - has an asset portfolio comprising the 1,077-room Mandarin Orchard Singapore (MOS), the 563-room Crowne Plaza Changi Airport (CPCA), and Mandarin Gallery retail mall.