Far East Hospitality Trust’s 2H FY23 Result Review
By REIT-TIREMENT  •  February 27, 2024
Basic Profile & Key Statistics

Key Indicators

Performance Highlight
Gross revenue, NPI and the income available for distribution increased YoY mainly due to higher income from hotels, serviced residences and commercial premises.

Revenue per Available Room

REVPAR has been on the rise for both hotels and serviced residences since the reopening of borders in April 2022. Hotel REVPAR has bounced back to 95% of pre-COVID levels, while REVPAR for serviced residences is significantly higher than pre-COVID levels.

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Related Parties Shareholding

REIT sponsor, manager and directors of the REIT manager hold a relatively high proportion of shares.

Lease Profile

WALE is long with no major lease expiries in the next 4 years. However, the weighted average land lease expiry is relatively short.

Debt Profile

Overall, the debt profile is favorable, although there is a low proportion of fixed-rate debt.

Diversification Profile

The portfolio lacks diversification in terms of geography and tenants.

Key Financial Metrics

The operating distributable income margin is high.
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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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