FEHT could join hands with tycoon Tanoto family to unlock value for the Reit
A joint redevelopment of the Reit’s Orchard Rendezvous Hotel with the Tanoto family’s Tanglin Shopping Centre could revitalise the sleepy Orchard-Tanglin corner
Add BT as a preferred source
FAR East Hospitality Trust (FEHT) offers one of the few remaining pure-play Singapore real estate investment trusts (S-Reits), which would appeal to investors averse to risks in overseas property markets.
The stapled group – backed by the Far East Organization group, controlled by the family of the late tycoon Ng Teng Fong – owns a string of hotels and serviced residences in Singapore.
FEHT’s aggregate leverage of 31.5 per cent as at Mar 31, 2024, reflects one of the lowest gearing among S-Reits. This, along with an interest coverage ratio of 3.4 times, should provide comfort to investors in these times of high interest rates.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
