Income available for distribution fell by 13.7% y-o-y to $23.4 million while distribution to stapled security holders, which is based on a 90% payout of the income available for distribution, also fell by 13.7% y-o-y to $21.0 million.
The managers of Frasers Hospitality Trust (SGX:ACV
) (FHT) have reported a distribution per stapled security (DPS) of 1.091 cents for the 1HFY2024 ended March 31, 13.7% lower y-o-y.
The drop was due mainly to higher finance costs as borrowings were refinanced in a higher interest rate environment.
