Eagle Hospitality Trust makes 'certain improvements' to master lease agreements

Singapore

THE managers of Eagle Hospitality Trust on Friday said they have made "certain improvements" to the master lease agreements (MLAs) for its 18 properties, including a potential incremental rent stream to the real estate investment trust (Reit).

Under each MLA signed for its assets, the Reit component of the stapled trust will receive rental payments with fixed and variable rent components. While the fixed rent represents two-thirds of the total rent for the projection year 2020, the variable rent is pegged to gross operating revenue (GOR) and gross operatin…