Case Study: 
No

The retail segment's expenses dragged earnings down.

OUE Hospitality Trust has suffered some headaches in Q4 as its net property income (NPI) dipped by 1.1% YoY from $29.56m to $29.23m.

According to its financial statement, gross revenue rose 1.8% YoY to $33.81m, thanks to the hospitality segment's higher revenue which was offset by lower revenue from the retail segment.

Hospitality segment pertains to the master lease income from the Mandarin Orchard Singapore hotel (MOS) and the Crowne Plaza Changi Airport hotel (CPCA).

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