Published:
164 views
Frasers Hospitality Trust
Frasers Hospitality Trust's DPS rises 49.3% YoY in FY23
Gross revenue and NPI also improved during the period.
Fraser’s Hospitality Trust posted a distribution per stapled security (DPS) of $0.024426 in FY2023, reflecting a 49.3% YoY increase.
In the same year, FHT recorded higher gross revenue of $123.2m (+28.5% YoY) and higher net property income (NPI) of $90.5m (30.1%).
The REIT's income available for distribution (DI) for FY23 also increased, jumping by 49.4% to $52.3m.
The REIT attributed its improved financial performance to the continuous recovery in global tourism, growing events, and MICE (meetings, incentives, conferences and exhibitions) segments in various cities.
Read Here
Advertise
Sign Up
