The manager of Far East Hospitality Trust (FEHT) has declared a distribution per unit (DPU) of 1.03 cents for 1H20 ended June, some 43.4% lower than the DPS of 1.82 cents a year ago.

Income available for distribution for 1H20 fell 26.5% y-o-y to $25.7 million. Due to the impact from the Covid-19 pandemic, the manager of FEHT has retained some $5.5 million of the income, which brings distributable income for the half-year to $20.2 million.

Including the amount retained, DPS for FEHT would have stood at 1.29 cents, representing a 29.1% decline y-o-y.

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