Shares & Derivatives
7 things I learned from the 2018 Frasers Hospitality Trust AGM
By The Fifth Person  •  February 7, 2018
Frasers Hospitality Trust (FHT) is a stapled trust comprising Frasers Hospitality REIT and Frasers Hospitality Business Trust. FHT owns a portfolio of 15 hotels and serviced residences located across nine cities in Asia, Australia, and Europe. As of 31 December 2017, FHT’s portfolio was valued at S$2.16 billion. I attended FHT’s annual general meeting to find out more about the Trust’s past financial year’s performance and its outlook for the year ahead. Here are seven things I learned from the 2018 Frasers Hospitality Trust AGM. 1. Gross revenue increased 28.4% year-on-year to S$158.7 million and net property income (NPI) rose 15.3% to S$120.2 million. This was mainly due to the additions of Novotel Melbourne on Collins and Maritim Hotel Dresden to the portfolio, and better all-round portfolio performance. Australia and Singapore accounted for 41% and 21% of NPI respectively. 2. Distributable income rose 10.0% ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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