These were partially offset by the soft performance of Singapore and Japan properties.
SINGAPORE (April 28): The managers of Frasers Hospitality Trust (FHT) have posted a distribution per stapled security (DPS) of 1.2063 cents, down 9.1% on-year from 1.3274 cents in 2Q16 due to the enlarged stapled security base post-rights issue.
Gross revenue for the quarter grew 43.1% to $38.7 million from $27 million a year ago, boosted by the addition of Novotel Melbourne on Collins and Maritim Hotel Dresden as well as better performance of Sydney, UK and Malaysia properties.
