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Eagle Hospitality Trust units hit fresh low as investors take flight

The counter falls by more than 11% to an intraday nadir of US$0.465 before closing at a fresh low of US$0.475, down 9.5%

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The Queen Mary accounts for 12.57% of EHT's total portfolio value of US$1.27 billion and is forecast to contribute 15.9 per cent to EHT's net property income in 2020.

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When BT met Salvatore Takoushian (above), CEO of the manager of EHT last week, he would not be drawn into discussing Urban Commons' financial resources, though he said that it has landbanks in the US, and that the owners of the sponsor own 13.7% of EHT.

Singapore

EAGLE Hospitality Trust (EHT) got its wings clipped again on Monday as new revelations about the Reit sponsor's past transactions with certain substantial shareholders and concerns over the value of EHT's second-largest asset, the Queen Mary, left investors nonplussed.

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sentifi.com

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