Basic Profile & Key Statistics Frasers Hospitality Trust (FHT) is a is a stapled group comprises of Frasers Hospitality Real Estate Investment Trust (FH-REIT) and Frasers Hospitality Business Trust (FH-BT). FHT invests in hotels and serviced residence units which currently owns 15 properties across 7 countries.
Performance Review 2H Gross revenue and NPI decreased by YoY by 65.2% and 73.7%. Despite negative distributable income, unitholders would still be able to receive distribution due to the release of retention from 1H FY2020.
REVPAR has dropped YOY across all locations, which is expected due to COVID-19 situation.
For Japan and UK portfolio, occupancy has increased slightly since July. As for Singapore portfolio, the occupancy drop in September due to InterContinental Singapore had ceased serving as an SHN facility. The Westin Kuala Lumpur in Malaysia has temporarily ceased operations since