The lower NPI and distributable income follow lower revenue reported for the 1QFY2021, which fell 6.9% y-o-y to $21.3 million on the back of lower occupancies in the trust’s serviced residences, as well as rental assistance given to tenants at the commercial premises.
Far East Hospitality Trust (FEHT) has posted 1QFY2021 ended March distributable income of $12.5 million, down 1% y-o-y from $12.7 million previously.
Net property income (NPI) for the period was $18.2 million, down 8.4% y-o-y from $19.9 million the year before.
