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.
See also: Far East Hospitality Trust declares 43.4% decline in 1H20 DPS to 1.03 cents
Revenue from the commercial premises fell 37.9% y-o-y to $3.4 million due to rental rebates given during the quarter.
