Distributable income correspondingly fell 26.5% y-o-y to $25.7 million. This follows a 20.6% dip in gross revenue to $44.3 million. The Trust attributes this to a decline in the average occupancy in the hotels in FEHT’s portfolio during the pandemic.
Analysts appear mixed on Far East Hospitality Trust (FEHT), following its performance for 1H2020 ended June.
The trust’s distribution per unit (DPU) fell 43.4% to 1.03 cents in 1H2020, from the 1.82 cents disbursed in the year earlier.
