- Master lease income from Mandarin Orchard Singapore decreased by $0.6 million but it was offset by $1.6 million higher master lease income from CPCA (“Crowne Plaza Changi Airport”).
- RevPAR for MOS (“Mandarin Orchard Singapore”) was lower at $217 in 1Q2017 as compared to $222 in 1Q2016.
- Retail revenue at Mandarin Gallery was $1.0 million higher than 1Q2016 ...
Recently, I noticed the share price of OUE Hospitality Trust has gone up slight by a bit. It even broke above $0.70 on 5th April 2017. While research reports published by analyst says that hospitality sector is improving and the worst may be over for 2017, I still have doubts. Since OUE Hospitality Trust makes up 5% of my current stock portfolio, I decided to take a brief look at its 1Q2017 financial results.
Below are some notes I took from the OUE Hospitality Trust 1Q2017 financial results presentation.