OUE Hospitality Trust hotel Shopping mall, Chart with support resistance

OUE Hospitality Trust is a stapled trust that invests in hospitality-related assets and retail malls.
Its portfolio currently consists of three properties
1. Mandarin Orchard Singapore (hotel)
2. Crowne Plaza Changi Airport (hotel)
3. Mandarin Gallery (high-end shopping mall)

31 Oct 2016

Aug 2016

Revenue for the reporting quarter fell by 9.2% year-on-year to S$26.9 million while net property income (NPI) also declined by 10.2% to S$23.2 million.
Consequently, the trust’s income available for distribution and distribution per stapled security (DPS) sank by 18% and 39.5%, respectively. Income available for distribution came in at S$16.6 million while DPS clocked in at 0.92 Singapore cents. The trust ended the second-quarter of 2016 with a net asset value (NAV) per stapled security of S$0.79, a sharp 12.2% decrease from the S$0.90 seen a year ago.

Oct 2016
Higher revenue and net property income (NPI) in 3Q16 from a year ago but DPS fell 28.5% to 1.23 cents due to lower distribution income and an enlarged number of stapled securities following a rights issue in April.
Reported a 2% bump in revenue to $33.3 million. Hospitality revenue was $1.5 million higher than a year ago but retail revenue fell $0.8 million mainly due to lower average occupancy rate at 89.0%.