"While cost pressures persist and the market environment remains challenging, performances across our portfolio remained relatively stable," says Eric Gan, CEO of the manager.
Frasers Hospitality Trust has reported a distribution per stapled security of 1.0257 cents for its 1HFY2025 ended March 31, down 6% y-o-y.
While gross revenue was up 0.9% y-o-y to $63.8 million in the same period, net property income was down 2.5% y-o-y to $43.5 million, as there was an absence of one-off income adjustments in the year-earlier period, plus costs ranging from tax to utility to financing.
