Lower distribution per unit (DPU) Frasers Hospitality Trust (FHT) reported distributable per unit (DPU) of 1.0257 cents in 1H FY25, a decline of 6.0% from 1H FY24. Gross revenue grew of 0.9% year-on-year, driven by increased contribution from retail component of ANA Crowne Plaza Kobe, but offset by the lack of one off adjustments which boosted revenue in 1H FY24. Net Property Income (NPI) saw a decline of 2.5% year-on-year due to higher utility cost from higher inflation, as well as elevated property taxes and other property related expenses. Source: Company data Steady growth in overseas properties Frasers Hospitality Trust’s overseas properties fared well in 1H FY25, with Australia properties seeing a 3.4% increase in occupancy rate to 88%, and driving a 1.0% growth in revenue per available room (Revpar). Similarly, United Kingdom properties also saw a 4.7% increase in Revpar, driven by higher occupancy rate despite a flat...