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Far East Hospitality Trust reports 40% surge in 1HFY2022 DPS of 1.54 cents

Felicia Tan
Felicia Tan7/29/2022 08:49 AM GMT+08  • 3 min read
Far East Hospitality Trust reports 40% surge in 1HFY2022 DPS of 1.54 cents
Distribution to the REIT’s stapled security holders increased by 41.0% y-o-y to $30.6 million. Photo: FEHT
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The manager of Far East Hospitality Trust (FEHT) has reported a 40% surge in distribution per share (DPS) of 1.54 cents for the 1HFY2022 ended June, from the DPS of 1.10 cents in the 1HFY2021.

Distribution to the REIT’s stapled security holders increased by 41.0% y-o-y to $30.6 million, which includes other gains of $2.0 million, a portion of the divestment proceeds from Central Square.

On March 24, FEHT completed the divestment for a consideration of $313.2 million, 70.8% more than the $183.3 million it paid for in August 2012. Central Square was divested to City Developments Limited (CDL).

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