Okay, here goes. Writing a bit of a jumble here, the kind you’d scrawl on a napkin over coffee.
A DPU Dip Thingamajig
So, Frasers Hospitality Trust (yeah, FHT if you’re into short forms) dropped this DPU thing to 1.0257 cents in the first half of FY25. That’s down 6% from the same time last year. Ouch? Or not, because like, is that a big deal? No clue.
The revenue did a tiny hop upward by 0.9% year-on-year. Not earth-shattering — just a small nudge. Think it was thanks to the retail folks at the ANA Crowne Plaza Kobe doing their thing. But then, last year got some funky one-off cash boosts. So, without those, it feels like things are just… evening out.
Oh, and NPI dipped by 2.5% ’cause, surprise surprise, everything’s getting more expensive: utilities, property taxes, you name it. Inflation’s a real pesky thing, am I right?
An Overseas Adventure
Now, here’s where it gets a bit rosier. Frasers’ spots overseas? Not bad at all. The Aussie places hiked their occupancy to 88%! That’s up by 3.4%, which is like, whoo-hoo, go team! Revpar’s up by 1% too.
Oh, and the UK properties aren’t slacking either. Revpar jumped by 4.7%. I guess people really dig staying in those places? It’s all about that higher occupancy, even though, let’s face it, things might not be perfect.
And yeah, company data says so. So, there you have it.
