NEWS & PRESS RELEASES
YTL Hospitality REIT Registers 9-Month Revenue of RM338.6 Million & Distributable Income of RM92.0 Million
Interim Distribution of 1.8364 Sen per Unit Declared
Kuala Lumpur, Thursday 25 May 2017 - YTL Hospitality REIT registered revenue of RM338.6 million for the 9 months ended 31 March 2017, an increase of 4.1% compared to RM325.1 million for the previous corresponding 9 months ended 31 March 2016, whilst net property income increased 6.7% to RM161.8 million for the 9 months under review over RM151.6 million for the same period last year.
Income available for distribution grew to RM92.0 million for the period under review over RM78.7 million recorded in preceding year corresponding period, representing an increase of 16.9%, after adjustment for non-cash items.
The Board of Directors of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, declared an interim distribution of 1.8364 sen per unit, the book closure and payment dates for which are 9 June 2017 and 30 June 2017, respectively. The Trust’s income distribution for the quarter under review amounts to RM31.3 million, whilst the total cumulative distribution paid and declared for the 9 months ended 31 March 2017 is 6.1532 sen per unit, amounting to RM89.8 million, representing approximately 98% of total distributable income.
Please view the Quarterly Report here.