EHT also booked a distribution per stapled security (DPS) of 1.649 US cents, 1.3% less than the forecasted 1.67 US cents.
SINGAPORE (Nov 18): KGI Securities is maintaining its “outperform” call on Eagle Hospitality Trust (EHT) with a target price of 61 US cents – down from the previous 72 US cents.
This call comes despite EHT missing its forecasts across several key financial metrics for 3Q19 ended September. The REIT’s income available for distribution came in at US$14.4 million ($19.6 million), 1.2% lower than the projected US$14.5 million at its initial public offering (IPO) on May 25.
