Brief: Frasers Hospitality Trust Expects Financial Performance For Q2 To Be Adversely Impacted

Frasers Hospitality Trust

27/03/2020 12:40

March 27 (Reuters) - Frasers Hospitality Trust  FRHO.SI :
    * FHT EXPECTS ITS FINANCIAL PERFORMANCE FOR Q2 ENDING 31
MARCH
2020 TO BE ADVERSELY IMPACTED
    * EXPECTS ITS FINANCIAL PERFORMANCE FOR 2Q FY2020 TO BE
ADVERSELY
IMPACTED BY COVID-19
    * FIXED RENT COMPONENT IN MASTER LEASE STRUCTURE OVER MOST
OF ITS
PORTFOLIO WILL PROVIDE MINIMUM RENT AND DOWNSIDE PROTECTION
    * SERIES OF COST CONTAINMENT MEASURES IMPLEMENTED,INCLUDING
TEMPORARY CLOSURE OF ROOMS AND AMENITIES & UNPAID LEAVE FOR
STAFF
    * TEMPORARILY CLOSED FOOD & BEVERAGE OUTLETS IN ITS HOTELS
IN
SYDNEY AND MELBOURNE
    * WILL PROGRESSIVELY CLOSE ITS UK PROPERTIES ON A TEMPORARY
BASIS

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ8xkHw2
Further company coverage:  FRHO.SI 

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