Net property income (NPI) for 3QFY2021 came in at $18.32 million, up 2.6% y-o-y from $17.85 million previously.
Far East Hospitality Trust (FEHT) has reported gross revenue of $20.76 million for the 3QFY2021 ended September, 0.7% higher than the $20.62 million reported a year ago.
The marginally higher revenue was underpinned by higher revenue for commercial premises due to lower rental rebates, which offset the decline in revenue from services residences due to lower demand. Revenue from hotels stayed flat at the fixed rent level.
