SBF Centre
Source: Far East Orchard Website
Company Profile
Far East Orchard is a diversified real estate owner and developer and manages a portfolio of hospitality assets. Its business segments can mainly be split into the Hospitality and Property segments.
Hospitality Management
Far East Orchard owns 10 and manages 90 hospitality assets worldwide, comprising of more than 13,600 rooms. Countries that Far East Orchard has a presence in include Singapore, Australia, Germany, Denmark and Malaysia.
Property Development
Develops properties mainly through joint ventures, previous developments include euHabitat and SBF Centre.
Property Investment
Far East Orchard generates rental income and capital appreciation from its portfolio of medical suites at Novena Medical and Specialist Centre, Singapore's premier medical hub, as well as student accommodation facilities in the UK and offices at Tanglin Shopping Centre.
Second Quarter Performance
Net profit fell 97.3% for the quarter, but the market's reaction was rather muted. For 1H 2017, net profit fell 87.7%. Last year's income was...