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Frasers Hospitality Trust declares DPS of 1.3258 cents on the back of Oct rights issue

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Frasers Hospitality Trust declares DPS of 1.3258 cents on the back of Oct rights issue

PC Lee Published on Thu, Jan 26, 2017 / 9:00 PM GMT+8

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SINGAPORE (Jan 26): The manager of Frasers Hospitality Trust has declared a DPS of 1.3258 cents for the 1Q17 ended Dec which is 18.9% lower than a year ago.

This came on the back of an enlarged stapled security base from the rights issue in October.

Gross revenue and net property income (NPI) for the first quarter rose 26.1% and 15.9% year-on-year to $39.6 million and $30.5 million respectively.

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