Far East Hospitality Trust (FEHT)

Broker's Calls

Maintain ‘overweight’ on S-REITS even though recovery is delayed

While the recovery for hospitality REITs are delayed, it is not disrupted, says UOB Kay Hian.

Broker's Calls

Broker's Digest: CICT, KORE, SPH, MNACT, Japfa, Far East Hospitality Trust

See the analysts' recommendations and target prices here.
Far East Hospitality Trust posts 3Q21 NPI of $18.3 mil - THE EDGE SINGAPORE

Results

Far East Hospitality Trust posts 3Q21 NPI of $18.3 mil

Income available for distribution was $13.5 mil, 12.5% higher y-o-y.
Market has not priced in FEHT's potential divestment of Central Square: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Market has not priced in FEHT's potential divestment of Central Square: CGS-CIMB

CGS-CIMB believes FEHT will likely divest Central Square, which will help pare down its gearing.
Far East Hospitality Trust posts 6.8% higher DPS of 1.1 cents for 1H21, despite gross revenue and NPI decline - THE EDGE SINGAPORE

Results

Far East Hospitality Trust posts 6.8% higher DPS of 1.1 cents for 1H21, despite gross revenue and NPI decline

FEHT has retained $3.5 mil in 1H21 due to Covid-19 uncertainties, lower than the $5.3 mil retained the year before.
CGS-CIMB sees stronger RevPAR for hospitality REITs, ART remains top pick - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB sees stronger RevPAR for hospitality REITs, ART remains top pick

ART remains CGS-CIMB's top pick given its higher exposure to markets with stronger domestic demand.
Far East Hospitality Trust reports 8.4% y-o-y dip in NPI in 1Q21 business update - THE EDGE SINGAPORE

Results

Far East Hospitality Trust reports 8.4% y-o-y dip in NPI in 1Q21 business update

The lower NPI follows lower occupancies for the trust’s serviced residences.
FEHT secures first sustainability-linked loan facility of $125 mil from OCBC - THE EDGE SINGAPORE

Green loans

FEHT secures first sustainability-linked loan facility of $125 mil from OCBC

The loan will be used to refinance FEHT’s existing bank borrowings.
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