Gross revenue for the quarter fell 1.4% on-year to $30.7 million from $31.2 million previously as income from MOS registered a decline in wholesale segment and lower food and beverage (F&B) sales.
SINGAPORE (July 29): The manager of OUE Hospitality Trust (OUE HT) has declared a 2Q distribution per stapled security (DPS) of 1.17 cents, down 3.3% from its 2Q17 DPU of 1.21 cents on lower revenue from both its hospitality and retail segments.
OUE HT is a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business Trust. The former’s asset portfolio comprises two hotels, Mandarin Orchard Singapore (MOS) and Crowne Plaza Changi Airport (CPCA), while the latter trust is dormant.
