FEHT's full-year DPU rebounds for first time since IPO as Sentosa hotels open

(Mar 25): Far East Hospitality Trust (FEHT) reported a distribution per unit of four cents for FY2018, up 2.6% y-o-y. In 4QFY2018, DPU rose 3.1% y-o-y to one cent. This was the fourth consecutive quarter that DPU showed a y-o-y increase. Last year was the first time since the real estate investment trust’s IPO in 2012 that full-year DPU grew y-o-y (see chart). Last year’s DPU is still below the one recorded in 2016, but it appears likely to continue its glacial growth this year and next.