Kuala Lumpur, 20 November 2014 - YTL Hospitality REIT registered revenue of RM102.3 million for the 3 months ended 30 September 2014, a marginal decrease over RM102.6 million for the same period last year. Profit before tax dropped mainly due to an increase in the depreciation charge on the Sydney Harbour, Brisbane and Melbourne Marriott hotels, acquired in November 2012, and increase in interest expense. In line with this, income available for distribution also decreased to RM26.4 million for the quarter compared to RM28.2 million last year.
The Board of Directors of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, declared an interim distribution of 1.9175 sen per unit, the book closure and payment dates for which are 5 December 2014 and 24 December 2014, respectively.
The total income distribution amounts to RM25.4 million, representing approximately 96% of the total distributable income for the financial period ended 30 September 2014.
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