As at 2020 Second Quarter Financial Results (23 July 2020)
Far East Hospitality Trust (FEHT) is the first and and only Singapore-focused hotel and serviced residence hospitality trust, listed on 27 Aug 2012. It has ownership/interest in 13 properties in Singapore, comprising 9 hotels and 4 serviced residences, worth S$2.65 billion as at 30 Jun 2020.
| Gross rental income
(by sector) |
Percentage |
| Hotels |
64.4% |
| Serviced Residences |
14.0% |
| Commercial |
21.6% |
| Gross rental income
(by geographical location) |
Percentage |
| Singapore |
100% |
| Metrics |
2Q 2020 |
1Q 2020 |
| Gearing Ratio
(Aggregate Leverage) |
39.2% |
39.5% |
| Weighted Average Debt to Maturity
(Average Term to Maturity) |
2.8 years |
3.0 years |
| Average Cost of Debt (p.a.) |
2.5% |
2.8% |
| Occupancy Rate |
77.6% (H)
82.7% (SR) |
65.3% (H)
83.6% (SR) |
| Average Daily Rate |
$102 (H)
$200 (SR) |
$144 (H)
$213 (SR) |
| Revenue Per Available Room |
$79 (H)
$166 (SR) |
$94 (H)
$178 (SR) |
| |
2Q 2020 |
2Q 2019 |
1H 2020 |
1H 2019 |
| Metrics |
S$ mil |
S$ mil |
S$ mil |
S$ mil |
| Gross Revenue |
21.4 |
27.9 |
44.3 |
55.7 |
| Property operating
expenses |
(2.7) |
(1.5) |
(5.7) |
(5.5) |
| Net Property Income |
18.7 |
29.4 |
38.6 |
50.2 |
| Distributable Income |
7.5 |
17.6 |
20.2 |
35.0 |
| DPU |
(semi-
annual) |
(semi-
annual) |
1.03c |
1.82c |
PORTFOLIO
SINGAPORE
Hotels:
| Property |
NPI (%) |
Valuation
($m) Jun-20 |
Valuation
($m) Dec-19 |
Leasehold
expiry |
| Village Hotel
Albert Court |
4.9 |
127.8 |
127.8 |
27 Aug 2087 |
| Village Hotel
Changi |
8.2 |
205.8 |
205.8 |
27 Aug 2077 |
| The Elizabeth
Hotel |
5.2 |
163.7 |
163.7 |
27 Aug 2087 |
| Village Hotel
Bugis |
10.0 |
232.7 |
232.7 |
27 Aug 2078 |
...
