NEWS & PRESS RELEASES
YTL Hospitality REIT Records Half-Year Revenue of RM220.3 Million & 10.8% Increase in Distributable Income to RM58.5 Million
Kuala Lumpur, Thursday 23 February 2017 - YTL Hospitality REIT registered revenue of RM220.3 million for the 6 months ended 31 December 2016, an increase of 2.7% compared to RM214.5 million for the previous corresponding 6 months ended 31 December 2015, whilst net property income increased 4.8% to RM104.5 million for the half year under review over RM99.7 million for the same period last year.
Income available for distribution grew to RM58.5 million for the period under review over RM52.8 million recorded in preceding year corresponding period, representing an increase of 10.8%, after adjustment for non-cash items.
The Board of Directors of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, declared an advance distribution of 1.9181 sen per unit in respect of the financial period from 1 October 2016 to 14 December 2016, which was paid on 12 January 2017. For the subsequent financial period from 15 December 2016 to 31 December 2016, an interim distribution of 0.3459 sen per unit has been declared, the book closure and payment dates for which are 10 March 2017 and 30 March 2017, respectively.
Please view the Quarterly Report here.