Eagle Hospitality Trust answers SGX but fresh worries brew over property value

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Eagle Hospitality Trust has addressed queries raised by the Singapore Exchange (SGX) with regards to its decision to withhold distributions.

However, fresh concerns have begun to emerge over the true value of its property in Orlando which appears to have been artificially inflated by as much as USD91 million, according to the Orange County Property Appraiser.

Eagle Hospitality Trust (EHT) was listed on the SGX in May 2019 at USD0.78, with a portfolio of 18 hotel properties across the US.

The hospitality trust was suspended from trading in March 2020 with its last done price at USD0.137.

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