Frasers Hospitality Trust Posts Lower Distribution per Stapled Security in Half-Year Ended Sept. 30

MT Newswires

2024-11-12

Frasers Hospitality Trust's (SGX:ACV) distribution per stapled security for the half-year ended Sept. 30 came in at SG$0.011682 compared with SG$0.011777 in the year-ago period, according to a filing with the Singapore Exchange on Tuesday.

Amount available for distribution came in at SG$22.5 million, slightly down from SG$22.7 million in the comparable period.

Net property income grew to SG$47.8 million from SG$45.3 million in the year-ago period.

Revenue rose to SG$69.2 million from SG$61.0 million in the comparable period, mainly due to continued recovery in overall performance.

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