Shares & Derivatives
Far East Hospitality Trust Analysis @ 25 August 2020
By REIT-TIREMENT  •  August 25, 2020
Basic Profile & Key Statistics Far East Hospitality Trust (FEHT) is a stapled group that consists of Far East Hospitality Real Estate Investment Trust (Far East H-REIT) and Far East Hospitality Business Trust (Far East H-BT).  FEHT invests in hospitality properties in Singapore which consist of 9 hotels and 4 serviced residences. Some of the properties have space for retail and office. Lease Profile All of FEHT leases are master leases to subsidiaries to sponsor, REVPAU of S$ 94.5 is manually calculated from the latest presentation of 1H 2020, weighted by GRI. WALE is long at 10.57 years where the highest lease expiry of around 61% falls in the year 2032, still a long time. Weighted land lease expiry is slightly short at 62.96 years. Debt Profile Gearing ratio is slightly high at 39.2%. Cost of debt is low at 2.5% despite 100% unsecured debt. Fixed-rate debt is low at 60.3% which is favorable in current low-interest environment. Interest cover ratio is low at 2.7 times. WADE is moderate at 2.8 years where the highest debt maturity of 22.8% falls in the year 2021 and 2024, both are identical....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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