Acrophyte Hospitality Trust H1 DPS falls 42.2% to US$0.00432
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Revenue for the period falls 6.9% to US$78.1 million from US$83.9 million previously
[SINGAPORE] Acrophyte Hospitality Trust on Wednesday (Aug 6) posted a fall in distribution per stapled security (DPS) to US$0.00432 for its first half ended June, down 42.2 per cent from S$0.00747 in the year-ago period.
For the six months, income available for distribution stood at US$2.8 million, down 35.8 per cent from US$4.3 million.
Revenue for the period fell 6.9 per cent to US$78.1 million from US$83.9 million previously.
Net property income declined 14.3 per cent to US$18 million from US$21 million in H1 2024.
Stapled securities of Acrophyte Hospitality Trust ended Tuesday unchanged at US$0.295.
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