Gross revenue for the quarter fell 4.4% to $29.4 million in 2Q19 from $30.7 million in 2Q18, on the back of lower revenue contributions from hospitality and retail segments.
SINGAPORE (Aug 6): The manager of OUE Hospitality Trust (OUE HT) has declared a distribution per stapled security (DPSS) of 1.06 cents in 2Q19, a 9.4% drop from the 1.17 DPSS declared in 2Q18 the preceding year.
OUE HT is a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business Trust.
