Far East Hospitality Trust (FEHT) released their first quarter results for FY18 this morning which I thought I'll give a quick review on it since I made the purchase earlier this month.
You can find the link to that article here.
FEHT posted a 3.8% increase in the gross revenue and 4% increase in the NPI which sees a stronger hotel performance this quarter due to the better reversion of the master leases.
This is in line with the thesis that I have.
From the result, we also see that hotel performance has bottomed in the previous quarter and it is starting to reverse for a turnaround starting this quarter. Demand for the hotel segment increased through higher occupany from 88.1% to 89.6% while both the Average Daily Rate and Revpar have also increased by 1.6% and 3.3% respectively.
That is certainly a positive ...