Far East Hospitality Trust (FEHT)

Broker's Calls

UOBKH increases FEHT’s TP to 82 cents after seeing ‘healthy seasonal’ 3QFY2024

As at 4.40pm, units in FEHT are trading 0.5 cents lower or 0.8% down at 62 cents.

Broker's Calls

CGSI and Maybank unchanged on FEHT following 3QFY2024 results

FEHT's gearing and cost of debt remained stable q-o-q in the 3QFY2024 at 30.8% and 4.1%, respectively.

Results

FEHT reports 3QFY2024 NPI of $26.2 mil, 6.8% lower y-o-y

Gross revenue during the same period fell by 4.8% y-o-y to $28.7 million.
Analysts keep ‘buy’ calls on FEHT following release of 1HFY2024 results - THE EDGE SINGAPORE

Broker's Calls

Analysts keep ‘buy’ calls on FEHT following release of 1HFY2024 results

Both Citi Research and DBS have left their target prices unchanged at 73 cents and 78 cents respectively.

Results

Far East Hospitality Trust reports 1HFY2024 DPS of 1.96 cents, 2.1% higher y-o-y

The higher DPS was due to a higher NPI and distribution of other gains.

Broker's Calls

UOBKH notes strength of S-REITs sector despite continued high interest rates, keeps ‘overweight’

KREIT, FEHT, LREIT, MINT and MPACT are the analyst’s top picks

Results

Far East Hospitality Trust reports 6% higher NPI of $25.1 mil in 1QFY2024

Gross revenue for the quarter increased by 7.5% y-o-y to $27.1 million.

Broker's Calls

With gearing at a low 31.3%, 'buy' Far East Hospitality Trust ahead of likely Japan acquisitions, Taylor Swift concerts

FEHT proposed on Feb 14 a distribution to stapled securityholders (DPS) of 4.09 cents for FY2023, 25.1% higher y-o-y.
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