Far East Hospitality Trust H1 DPS declines 8.4% to S$0.0163
[SINGAPORE] The managers of Far East Hospitality Trust (FEHT) on Thursday (Jul 30) posted a distribution per stapled security (DPS) of S$0.0163 for its first half ended Jun 30, down 8.4 per cent on the year from S$0.0178.
This is because the prior-year period included distribution of other gains from the divestment of Central Square.
The distribution will be paid on Aug 28.
Distributable income for the period stood at S$33.7 million, up 8.9 per cent year on year from S$30.9 million, mainly due to lower finance expenses arising from lower borrowing costs.
Revenue was at S$53.8 million for H1, a rise of 4.3 per cent from S$51.6 million a year prior.
Net property income stood at S$45.4 million for the period, down 0.6 per cent from S$45.6 million.
Geopolitical tensions and global economic uncertainty are expected to continue weighing on travel demand in the near term, said the managers.
“Nevertheless, Singapore’s hospitality sector is supported by a pipeline of major leisure, entertainment and Mice-related events in the second half of 2026, including the Formula 1 Singapore Grand Prix in October and the four-night BTS concert series in December,” said the managers in the bourse filing.
Stapled securities of FEHT closed unchanged on Wednesday at S$0.59.
