According to Citi Research analyst Brandon Lee, the REIT’s 1HFY2024 distribution per unit (DPU) benefitted from portfolio-wide revenue per available room (RevPAR) improvement.
Analysts have maintained their "add" and “buy” calls on Far East Hospitality Trust (SGX:Q5T
) (FEHT), following the release of the REIT’s 1HFY2024 results ended June.
Citi Research and DBS Group Research have left their target prices unchanged at 73 cents and 78 cents respectively, while CGS International has upped its target price to 78 cents. Maybank Securities has lowered its target price estimate to 75 cents.
