ARA H-Trust beats IPO forecast by 3.8% with DPS of 1.36 US cents

SINGAPORE (July 20): The managers of ARA US Hospitality Trust (ARA H-Trust) have announced distribution of stapled security (DPS) of 1.36 US cents for the reporting period starting from its listing date on May 9 to end June, some 3.8% higher than the IPO forecast of 1.31 US cents.

ARA H-Trust recorded distributable income of US$7.7 million ($10.6 million) for the maiden reporting period, outperforming its IPO forecast of US$7.4 million by 3.2%.