Basic Profile & Key Statistics Frasers Hospitality Trust (FHT) is a stapled group comprises of Frasers Hospitality Real Estate Investment Trust (“FH-REIT”) and Frasers Hospitality Business Trust (“FHBT”). FHT invests in 15 hospitality properties across 9 key cities in Asia, Australia and Europe. Its japan property - ANA Crowne Plaza Kobe has a small portion of income from retail. Lease Profile In the latest business update, FHT only announced countries REVPAU without revenue contribution weightage, so we are unable to calculate weighted REVPAU, but all the countries REVPAU are not rosy. WALE is long at 13.55 years, which excluded  Novotel Melbourne on Collins as it is an internal master lease arrangement between FH-REIT and FH-B. Weighted average land lease expiry is long at 81.85 years. Debt Profile Gearing ratio is healthy at 35.9%. Cost of debt if low at 2.3% with high unsecured debt % at 96.3%. Fixed-rate debt % is low at 71.9%. Interest cover ratio is low at 3.2 times. WADE is long at 3.88 years where the highest debt maturity of 30% falls in the year 2024....