Far East Hospitality Trust’s 3Q15 gross revenue falls 4.8% to $29.7m
RevPAR dipped 5.6% YoY to $151.
Far East Hospitality Trust (FEHT)’s third quarter gross revenue fell 4.8% to $29.7m, according to a report by OCBC. FEHT’s DPU went down by 9.1% to 1.20 cents although it is a 3.4% improvement on a QoQ basis.
For 9M15, gross revenue stood at $85.8m, reflecting a fall of 6.2%. The company’s 3.43 cents DPU represented an 11.1% decrease.
FEHT’s Hotels and Serviced Residences RevPAR and RevPAU remained weak. RevPAR dipped 5.6% YoY to $151, while RevPAU slipped 9.2% YoY to $209.