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Home / Capital / Results

Far East Hospitality Trust reports 36.4% lower NPI in 3Q business update

Results

Far East Hospitality Trust reports 36.4% lower NPI in 3Q business update

Felicia Tan Published on Fri, Oct 30, 2020 / 8:38 AM GMT+8

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Far East Hospitality Trust (FEHT) has reported gross revenue of $20.6 million for 3QFY2020, down 33.2% from the $30.9 million a year ago. This was due mainly to a decline in master lease rental for the hotels and serviced residences arising from the impact of Covid-19.

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