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FEHT posts weaker Q4 DPS of 1.12 cents on soft sector

Singapore

LOWER revenue led by a soft sector meant that Far East Hospitality Trust (FEHT) posted a fourth-quarter income available for distribution of S$20.2 million, down 2.3 per cent year on year.

Distribution per stapled security (DPS) for the three months ended Dec 31, 2016, was 1.12 Singapore cents, down 4.3 per cent year on year.

Revenue in Q4 dropped 4.6 per cent to S$27.5 million, due to reduced revenue contribution from hotels and serviced residences, as well as marginally softer performance...

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