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Frasers Hospitality Trust reports 29.7% lower FY2021 DPS of 0.9831 cents

Felicia Tan
Felicia Tan • 5 min read
Frasers Hospitality Trust reports 29.7% lower FY2021 DPS of 0.9831 cents
Unitholders will be receiving their distributions on Dec 29.
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Frasers Hospitality Trust (FHT), a stapled group comprising Frasers Hospitality Real Estate Investment Trust (FH-REIT) and Frasers Hospitality Business Trust (FH-BT), has reported distribution per stapled security (DPS) of 0.8041 cents for the 2HFY2021 ended September.

The DPS for the 2HFY2021 is a 24.8% y-o-y drop from DPS of 1.0695 cents in the same period the year before.

2HFY2021 gross revenue improved by 75.6% y-o-y to $45.6 million, while net property income (NPI) more than doubled to $30.9 million from the $14.6 million reported in the 2HFY2020.

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