Far East Hospitality Trust (FEHT)

Far East Hospitality Trust reports 25.1% growth in FY2023 DPS of 4.09 cents as gross revenue increases - THE EDGE SINGAPORE

Results

Far East Hospitality Trust reports 25.1% growth in FY2023 DPS of 4.09 cents as gross revenue increases

DPS for the 2HFY2023 also rose by 25.4% y-o-y to 2.17 cents.

Broker's Calls

PhilipCapital initiates ‘buy’ on Far East Hospitality Trust as pre-Covid numbers loom on the horizon

PhilipCapital likes FEHT for its riding of the recovery of tourism, protection from master leases and potential expansion.

Broker's Calls

UOBKH maintains 'overweight' rating on S-REITs after seeing 'healthy signs' that inflationary pressures have moderated

Analyst Jonathan Koh keeps his buy call on CDLHT, FCT, FEHT, KREIT, LREIT and MINT.
Maybank Securities maintains 'buy' call on FEHT on distribution stability and robust outlook - THE EDGE SINGAPORE

Broker's Calls

Maybank Securities maintains 'buy' call on FEHT on distribution stability and robust outlook

'FEHT offers a stable distribution profile and a lowly geared balance sheet'

Results

Far East Hospitality Trust reports 3QFY2023 distributable income of $22.9 million, 51.0% higher y-o-y

Its indicative DPS for the 9MFY2023 stood at 3.04 cents.

Broker's Calls

UOB Kay Hian sees ‘seasonally stronger’ 2H2023 and ‘continued recovery’ in 2024 for hospitality REITs

Analyst Jonathan Koh has kept his "buy" call for FEHT, CDLHT and CLAS with target prices of 75 cents, $1.48 and $1.35 respectively
Hospitality S-REITs did not disappoint in 2QFY2023: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Hospitality S-REITs did not disappoint in 2QFY2023: CGS-CIMB

The 2QFY2023 RevPAR in most geographies were 100% to 127% of 2QFY2019 levels.

Results

Far East Hospitality Trust reports DPS of 1.92 cents for the 1HFY2023, up 24.7% y-o-y

Stapled security holders will receive their distributions on Sept 5.
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