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
Despite a similar gross revenue as compared to last year, income available for distribution increased YoY by 12.5% mainly due to improved NPI and lower finance expenses from lower fixed rates of new interest rate swap contract.
REVPAU for both hotels and serviced residences has decreased due to the decline in demand from companies that require temporary accommodation for their foreign workers.
Related Parties Shareholding
- REIT sponsor's shareholding is high at 52.484%
- REIT manager's shareholding is high at 5.425%
- Directors of REIT manager's shareholding is high at 0.166%
Lease Profile
- WALE is long at 9.27 years
- Highest lease expiry within 5 years is low at 7.7% which falls in this year
- Weighted average land lease expiry is moderate at 61.58 years
Debt Profile
- Gearing ratio is high at 41.6%
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