Frasers Hospitality Trust NPI slipped 1.2% to $31.06m in Q1

Submitted By:  Arianna Danganan Case Study:  No The firm blamed the weak showing of its hotels in Malaysia and Japan. Frasers Hospitality Trust (FHT) saw its net property income (NPI) dip 1.2% YoY to $31.06m in Q1 which ended 31 December 2018 from $31.45m in 2017, extending the downward trend seen in Q4, an announcement revealed. Revenue also dropped 2% YoY to $40.62m from $41.45m. Distributable income also slipped 3% YoY to $23.71m from $24.45m, whilst distribution per stapled security (DPS) fell 4.3% YoY to $0.0125 from $0.0131. read more