EH-Reit to receive more rent from outperforming properties: EHT
Add BT as a preferred source
Singapore
EAGLE Hospitality Real Estate Investment Trust (EH-Reit), one part of the stapled group Eagle Hospitality Trust (EHT), will be able to receive more rent from any outperforming properties producing excess cash flow, EHT's managers announced on Tuesday.
Some 80 per cent of the excess cash flow from outperforming properties will also be applied to shortfalls in the rent of any underperforming properties.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations
