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Far East Hospitality Trust 2H Revenue Up 2.2%, DPS Up 13.1%

Far East Hospitality Trust 2H Revenue Up 2.2%, DPS Up 13.1%

Feb 14, 2023 – Far East Hospitality Trust recorded a 2.2% year-on-year growth in gross revenue to S$42.6 million for the half-year that ended December 31, 2022, after divesting Central Square.

Net property income grew 2.3% from the prior period. The REIT Manager declared a distribution of S$34.4 million to stapled securityholders, translating to a Distribution-Per-Security of 1.73 cents for 2H 2022, a growth of 13.1% compared to the same period last year.