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The improved performance of the Trust's Australian portfolio was driven by increased international arrivals owing to entertainment and sports events held in Sydney and Brisbane, which drove up average daily room rates and occupancy rates.
Based on my estimation, assuming next QR similar to this quarter, 1.58 sen x 2 plus 1.1 sen (deferred rental income to be paid in Q4), hence total next dividend would be 4.26 sen
Based on 3rd Q net property income, Japanese hotels contributed 7.64%, while Malaysian hotels 47.1% & Australian 45.2% respectively. I believe it won’t affect too much as Japanese & Malaysian hotels are under master leases. Rental income is fixed & consistent compared to 3 Australian hotels which are under management contracts, the income are variable based on actual performance. Hence, Aussie hotels performance is critical to the final overall result.
While JPY rate is dropping, their hotels occupancy rate is rising and room rates as well. The prospect of this counter is good, long run capital gain and short term good dividend.
