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Far East Hospitality Trust reports 17.2% higher distributable income of $14.7 mil in 1QFY2022

Felicia Tan
Felicia Tan4/28/2022 09:51 AM GMT+08  • 2 min read
Far East Hospitality Trust reports 17.2% higher distributable income of $14.7 mil in 1QFY2022
The higher distributable income for the quarter was mainly due to the lower finance expenses.
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The manager of Far East Hospitality Trust (FEHT) has posted distributable income of $14.7 million for the 1QFY2022 ended March, 17.2% higher y-o-y.

Gross revenue fell 1.6% y-o-y to $21.0 million mainly due to the 9.6% y-o-y decline in revenue for commercial premises at $3.8 million.

FEHT’s revenue for its hotels segment stood flat y-o-y at $14.3 million, while revenue for its serviced residences segment improved by 2.4% y-o-y to $3.0 million.

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