Far East Hospitality Trust sees 7.5% increase in RevPAR as room supply eases

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Amid a more moderate increase of hotel rooms across Singapore, Far East Hospitality Trust (FEHT) has achieved better RevPAR, and revenue figures for its 2018 financial year.

The trust has reported a distribution per stapled security (DPS) of 1.00 Singapore cents for its 4Q 2018, 3.1% higher than what was reported in the corresponding period of the previous financial year.

FEHT’s gross revenue was 12.4% higher year-on-year at SGD28.9 million, while income available for distribution was 4.9% higher at SGD19.1 million.

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