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OUE Hospitality Trust's Q2 distributions beat forecast

Published on Jul 31, 2014 6:43 PM
 
Cutting property expenses helped OUE Hospitality Trust, which owns the Mandarin Gallery along Orchard Road,  post distributions that were higher than forecast for the second quarter of the year. -- ST FILE PHOTO

SINGAPORE - Cutting property expenses helped OUE Hospitality Trust post distributions that were higher than forecast for the second quarter of the year.

The trust owns the Mandarin Gallery shopping mall and the Mandarin Orchard Singapore hotel in Orchard Road.

Distribution per stapled security was 1.64 cents for the three months to June 30, which was 2.5 per cent more than expected, the trust said in a Singapore Exchange filing on Thursday.

OUE Hospitality Trust comprises stapled securities from the OUE Hospitality Real Estate Investment Trust (Reit) and OUE Hospitality Business Trust.

 
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