The Hospitality Property Fund B-linked units' distribution for the six months ended 31 December 2013 are expected to exceed the forecast of 13‚36c per linked unit by 40%-50%‚ the company said in a trading statement on Friday.
The expected increase was as a result of better than forecast hotel trading conditions‚ the company said.
The A-linked unit distribution for the six months ended 31 December 2013 would remain in line with the forecast of 69‚83c per linked unit‚ a growth of 5% from a year earlier.