Eagle Hospitality Trust misses DPS forecast by 24%

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Eagle Hospitality Trust has reported a distribution per stapled security (DPS) of 1.179 US cents for its 4Q 2019.

As such, the trust has missed the forecast made during its IPO by 24.4%.

Correspondingly, EHT recorded revenue of USD20.5 million, net property income of USD14.7 million, and distributable income USD10.3 million.

These also missed its IPO forecast by 13.1%, 14.7% and 24.3% respectively.

As of 31 December 2019, was 37.2%, with a debt headroom of approximately USD190.0 million.

“Eagle performs well amidst market headwinds. We are concerned about the COVID-19 virus and continue to pray for the families impacted”, said Howard Wu, founder and principal of EHT’s sponsor, Urban Commons.

“Our portfolio currently remains relatively insulated given the de minimis proportion of international guests originating from the more affected regions in Asia”, he added.

Data from EHT’s latest results have been updated into the Singapore REITs table.

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