A stapled group comprising OUE Hospitality Real Estate Investment Trust (OUE H-REIT) and OUE Hospitality Business Trust (OUE H-BT), OUE H-Trust saw its gross revenue grow 1.9% in 1Q18 to $32.7 million, from $32.1 million a year ago.
SINGAPORE (May 2): The manager of OUE Hospitality Trust (OUE H-Trust) has announced distribution per stapled security (DPS) of 1.26 cents for the 1Q ended March, some 3% lower than DPS of 1.30 cents a year ago.
This was mainly due to the absence of income support for Crowne Plaza Changi Airport (CPCA), which had been fully drawn down in 3Q2017.
