In FY2024 FEHT reported gross revenue of $108.7 million, a 1.8% y-o-y increase due to higher top-line revenue across all three of its operating segments, hotels, serviced residences and commercial premises, which grew by 0.9% y-o-y, 0.2% y-o-y and 7.3% y-o-y respectively.
Analysts from DBS Group Research and Citi Research have kept their “buy” calls on Far East Hospitality Trust (SGX:Q5T
) (FEHT) after the Singapore hospitality REIT posted its results for the FY2024 ended Dec 31, 2024. During the period, FEHT’s distribution per unit (DPU) fell by 1.2% y-o-y to 4.04 cents due to higher management fees in cash.
DBS’s Geraldine Wong and Derek Tan have lowered their target price estimate to 75 cents from 78 previously while Citi’s Brandon Lee kept his target price at 73 cents.
