Far East Hospitality Trust DPU fell 36.7% YoY in 2020

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No OCBC Investment Research gave the trust a 'buy' recommendation. Far East Hospitality Trust (FEHT) has recorded a distribution per unit (DPU) of 2.41 Singapore cents in 2020, 36.7% down YoY from the previous year’s 3.81 Singapore cents, the company has announced. Total distributable income during the year fell 35.2% YoY to $47.9m from $73.9m in 2019. Gross revenue dropped 34.8% YoY to $39m, whilst net property income slipped 38% to $33.6m for H2 FY2020 due to lower master lease rental income and rental rebates given to commercial tenants. read more