Hospitality B-linked units H1 distribution seen 40%-50% higher
2014-02-14 · Industrial Developments news
The Hospitality Property Fund B-linked units’ distribution for the six months ended December 31 2013 are expected to exceed the forecast of 13‚36c per linked unit by 40%-50%‚ the company said in a trading statement on Friday.
The expected increase was as a result of better than forecast hotel trading conditions‚ the company said.
The A-linked unit distribution for the six months ended December 31 2013 would remain in line with the forecast of 69‚83c per linked unit‚ a growth of 5% from the a year earlier.
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