Far East Hospitality Trust's Core DPS Up 7.9% in H1

MT Newswires07-30

Far East Hospitality Trust's (SGX:Q5T) core distribution per stapled security or DPS was up 7.9% during the first half of the year to SG$0.0163 from SG$0.0151 a year earlier, according to a Thursday filing with the Singapore Exchange.

Income available for distribution jumped 8.9% to SG$33.7 million from SG$30.9 million in the prior period.

Net property income edged down 0.6% to SG$45.4 million from SG$45.6 million.

Gross revenue rose 4.3% year over year to SG$53.8 million from SG$51.6million.

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