In all, gross revenue for OUE HT fell 2.2% to $33.2 million compared to $34 million a year ago, as both hospitality and retail segments posted lower revenue y-o-y.
SINGAPORE (Nov 7): The manager of OUE Hospitality Trust (OUE HT) has announced a 3Q18 distribution per stapled security (DPS) of 1.28 cents, down 5.9% from its 1.36 cent DPS a year ago.
The lower distributable income of $23.3 million, which is 5.4% down from the previous year’s distributable income of $24.7 million, was largely due to the absence of income support for Crowne Plaza Changi Airport (CPCA) hotel as it was fully drawn down as at 3Q17.
