Basic Profile & Key Statistics
Far East Hospitality Trust (FEHT) is a stapled group that owns 13 properties in Singapore. Some of the properties have space for retail and office.
Performance Highlight
Gross revenue, NPI and distributable income decreased YoY by 6.9%, 8.4% and 1% due to lower occupancies in the SRs and rental assistance given to tenants at the commercial premises.
REVPAR decreased YoY for both hotels and serviced residences, which is expected due to the COVID-19 pandemic.
So far there is no update for the redevelopment of Central Square (Village Residence Clarke Quay).
Related Parties Shareholding
- REIT sponsor's shareholding is high at 59.92%
- REIT manager's shareholding is high at 5.05%
- Directors of REIT manager's shareholding is high at 0.22%
Lease Profile
- WALE is long at 9.77 years
- Highest lease expiry within 5 years is low at 8.4% which falls in this year.
- Weighted average land lease expiry is moderate at 62.08 years
Debt Profile...
