2HFY2024 revenue increased by 13.6% y-o-y to $69.2 million while net property income (NPI) grew by 5.5% y-o-y to $47.8 million as the trust saw continued recovery in its overall operating performance.
Frasers Hospitality Trust (FHT) has reported a distribution per stapled security (DPS) of 1.1682 cents for the 2HFY2024 ended Sept 30, 0.8% lower y-o-y.
Distributable income also fell by 0.8% y-o-y to $25 million despite the higher revenue and NPI for the period mainly due to finance costs. According to FHT’s managers, the trust’s borrowings were refinanced in a higher interest rate environment and higher tax expenses.
