Shares & Derivatives
Far East Hospitality Trust Review @ 21 June 2022
By REIT-TIREMENT  •  June 21, 2022
Basic Profile & Key Statistics
  • Main Sector(s): Hospitality, Retil & Office
  • Country(s) with Assets: Singapore
  • of Properties (exclude development/associate/fund): 12
Performance Highlight Gross revenue declined yoy due to divestment of Central square in March 2022, resulting in early termination and non-renewal of leases. However, NPI has improved yoy due to lower property tax and lower expenses for commercial premises. Distributable income increased yoy due to improved NPI and lower financial expenses. Revenue Per Available Room Both REVPAR for hotel and serviced residences have improved yoy. Divestment The divestment of Central Square has completed on 24 March 2022. Asset Enhancement Initiative The refurbishment of the lobby for Regency House is expected to be complete by 3Q 2022. While for The Elizabeth Hotel, upgrading of reception, common areas and guestrooms are ongoing and expected to open in phase starting from 3Q 2022. Related Parties Shareholding
  • REIT sponsor's shareholding: Above median for more than 20%
  • REIT manager's shareholding: Above median for more than 20%
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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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