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OUE Hospitality Trust posts 18.2% increase in 1Q DPS of 1.3 cents

Michelle Zhu
Michelle Zhu • 2 min read
OUE Hospitality Trust posts 18.2% increase in 1Q DPS of 1.3 cents
SINGAPORE (May 4): The manager of OUE Hospitality Trust (OUE HT) has announced a distribution per stapled security (DPS) of 1.3 cents, representing a 18.2% increase from the 1.1 cent DPS declared a year ago.
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SINGAPORE (May 4): The manager of OUE Hospitality Trust (OUE HT) has announced a distribution per stapled security (DPS) of 1.3 cents, representing a 18.2% increase from the 1.1 cent DPS declared a year ago.

OUE HT is a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business Trust.

Gross revenue for the quarter grew 6.4% to $32.1 million from $30.1 million in the previous year, with higher contributions from both trust’s hospitality and retail segments.

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