Far East Hospitality Trust's (SGX:Q5T) distribution per share or DPS declined 9% during the first half of the year to SG$0.0178 from SG$0.196 a year earlier, according to a Wednesday filing with the Singapore Exchange.

Distribution to stapled securityholders was down 9% to SG$36.0 million from SG$39.5 million.

Net property income fell 8% to SG$45.6 million from SG$49.5 million a year earlier.

Gross revenue, meanwhile, dropped 4.2% year over year to SG$51.6 million from SG$53.8 million, due to softer performance from the Singapore portfolio.

Shares of the trust were down nearly 2% in recent trading.