OUE Hospitality Trust announces its results for 4Q2015 on 25th January 2016. DPU fell 4.5% to 1.70 cents as compared to 1.78 cents in 4Q2014. Distribution income was $8 million lower than 4Q2014 due to lower contribution from Mandarin Orchard Singapore and Mandarin Gallery.
Overview
OUE Hospitality Trust focuses on Hospitality and Retail sector. Its hotel properties consists of Mandarin Orchard Singapore and Crown Plaza Changi Airport. Its retail properties consists of Mandarin Gallery.
Results
From the above figures, we can see that gross revenue is $2.6 million higher than 4Q2014. Hospitality segment posted higher revenue which offset the lower revenue from the retail segment.
Hospitality
The master lease income contribution from Crown Plaza Changi Airport added $4.0 million of hospitality revenue. Master lease income from Mandarin Orchard Singapore was $1.1 million lower than 4Q2014 mainly as a result of lower room sales and lower ......