Gross revenue was 12.1% higher y-o-y at $95.9 million from $85.5 million last year. This brings net property income to $69.6 million, 20.7% higher than $57.6 million a year ago. This was due to improved performance across all of FHT’s regions as gradual global recovery is underway.
Frasers Hospitality Trust (FHT) announced that its distribution per stapled security (DPS) for the FY2022 ended September period saw a 22.4% increase to 1.6355 cents from the previous year’s 0.9831 cent.
This came on the back of income available for distribution increasing some 66.3% y-o-y to $35.0 million and distribution to stapled securityholders gaining 66.4% y-o-y to $31.5 million.
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