Announcement • Mar 20
Far East Hospitality Trust, Annual General Meeting, Apr 20, 2026 Far East Hospitality Trust, Annual General Meeting, Apr 20, 2026, at 14:30 Singapore Standard Time. Location: antica ballroom, orchard rendezvous hotel, 1 tanglin road, singapore 247905, Singapore Declared Dividend • Feb 16
Final dividend of S$0.015 announced Shareholders will receive a dividend of S$0.015. Ex-date: 23rd February 2026 Payment date: 16th March 2026 Dividend yield will be 5.9%, which is lower than the industry average of 6.4%. Reported Earnings • Feb 13
Full year 2025 earnings: Revenues in line with analyst expectations Full year 2025 results: Revenue: S$106.0m (down 2.4% from FY 2024). Net income: S$33.9m (down 27% from FY 2024). Profit margin: 32% (down from 43% in FY 2024). Revenue was in line with analyst estimates. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Hotel and Resort REITs industry in Asia. Announcement • Jan 21
Far East Hospitality Trust to Report Second Half, 2025 Results on Feb 12, 2026 Far East Hospitality Trust announced that they will report second half, 2025 results on Feb 12, 2026 Buy Or Sell Opportunity • Oct 14
Now 20% undervalued Over the last 90 days, the stock has risen 1.7% to S$0.60. The fair value is estimated to be S$0.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 95% in the next 2 years. Buy Or Sell Opportunity • Aug 06
Now 22% undervalued Over the last 90 days, the stock has risen 5.4% to S$0.58. The fair value is estimated to be S$0.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 114% in the next 2 years. New Risk • Aug 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (33% net profit margin). Declared Dividend • Aug 01
Final dividend increased to S$0.022 Dividend of S$0.022 is 15% higher than last year. Ex-date: 6th August 2025 Payment date: 25th September 2025 Dividend yield will be 7.3%, which is higher than the industry average of 6.4%. Announcement • Jul 09
Far East Hospitality Trust to Report First Half, 2025 Results on Jul 30, 2025 Far East Hospitality Trust announced that they will report first half, 2025 results on Jul 30, 2025 Announcement • Apr 09
Far East Hospitality Trust to Report Q1, 2025 Results on Apr 30, 2025 Far East Hospitality Trust announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025 Announcement • Apr 02
Far East Hospitality Trust Announces Changes in Board Directorship Far East Hospitality Trust announced that Mr. Wee Kheng Jin will be retiring from his position as Chairman on 30 April 2025. Mr. Quek See Tiat, who joined the Board as a Non-Executive Independent Director on 1 May 2024, will assume the role of Chairman on 1 May 2025. Mr. Wee has served as a Board member of the REIT Manager and Trustee-Manager of Far East Hospitality Trust ("Far East H-Trust" or the "Trust") for over 13 years, including the past 6 years as Chairman. He first joined the REIT Manager Board in January 2011 and the Trustee-Manager Board in July 2012. During his tenure, Far East H-Trust has made significant strides, including enhancing the diversity of the Board in terms of gender, age and experience, and making significant improvement in corporate governance resulting in the Trust being ranked amongst the top 10 in the Singapore Governance and Transparency Index in the REIT and Business Trust category for the past 6 years. During his chairmanship, Mr. Wee also guided the Trust in recovery from the COVID-19 pandemic, the divestment of Central Square in March 2022 as well as the latest acquisition of Four Points by Sheraton in Nagoya, Japan in February 2025. Mr. Quek brings extensive experience in accountancy, audit, corporate governance, risk management, and real estate, having served on the boards of several large listed companies such as Singapore Technologies Engineering Ltd. and Singapore Press Holdings Ltd. He has also held prominent public sector roles, including serving as Chairman of the Building and Construction Authority, and as a board member of the Monetary Authority of Singapore and the Energy Market Authority. His present appointments include that of President of the Council for Estate Agencies and Chairman of the Accounting Standards Committee of the Accounting and Corporate Regulatory Authority. With his deep expertise and experience, Mr. Quek will further enhance the Board's oversight and strategic direction. Reported Earnings • Mar 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: S$0.023 (down from S$0.065 in FY 2023). Revenue: S$108.7m (up 1.8% from FY 2023). Net income: S$46.7m (down 64% from FY 2023). Profit margin: 43% (down from 122% in FY 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Hotel and Resort REITs industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Mar 21
Far East Hospitality Trust, Annual General Meeting, Apr 22, 2025 Far East Hospitality Trust, Annual General Meeting, Apr 22, 2025, at 14:30 Singapore Standard Time. Location: antica ballroom, orchard rendezvous hotel, 1 tanglin road, singapore 247905, Singapore Price Target Changed • Feb 19
Price target decreased by 7.3% to S$0.71 Down from S$0.76, the current price target is an average from 7 analysts. New target price is 24% above last closing price of S$0.57. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of S$0.032 for next year compared to S$0.023 last year. Major Estimate Revision • Feb 19
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from S$114.5m to S$112.9m. EPS estimate also fell from S$0.036 per share to S$0.032 per share. Net income forecast to grow 38% next year vs 38% growth forecast for Hotel and Resort REITs industry in Singapore. Consensus price target down from S$0.76 to S$0.71. Share price fell 5.8% to S$0.57 over the past week. Declared Dividend • Feb 16
Final dividend of S$0.021 announced Shareholders will receive a dividend of S$0.021. Ex-date: 19th February 2025 Payment date: 20th March 2025 Dividend yield will be 6.7%, which is higher than the industry average of 6.4%. Announcement • Feb 13
Far East Hospitality Trust Announces Distribution for the Period from 1 July 2024 to 31 December 2024, Payable on 20 March 2025 Far East Hospitality Trust has announced a distribution of 2.08 Singapore cents per Stapled Security for the period from 1 July 2024 to 31 December 2024, comprising a taxable income component of 1.59 Singapore cents per Stapled Security ("taxable income distribution") and a other gains component of 0.49 Singapore cents per Stapled Security ("other gains distribution") from Far East Hospitality Real Estate Investment Trust ("Far East H-REIT") entirely. Stapled Securityholders whose securities accounts with The Central Depository (Pte) Limited are credited with stapled securities of Far East H-Trust ("Stapled Securities") as on 20 February 2025 will be entitled to the distribution that will be paid on 20 March 2025. The Transfer Books and Register of Stapled Securityholders of Far East Hospitality Trust ("Far East H-Trust") will be closed on 20 February 2025 (the "Record Date") for the purpose of determining the entitlements of stapled securityholders of Far East H-Trust ("Stapled Securityholders") to Far East H-Trust's distribution for the period from 1 July 2024 to 31 December 2024. Reported Earnings • Feb 12
Full year 2024 earnings released Full year 2024 results: Revenue: S$108.7m (up 1.8% from FY 2023). Net income: S$46.7m (down 64% from FY 2023). Profit margin: 43% (down from 122% in FY 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Hotel and Resort REITs industry in Singapore. Buy Or Sell Opportunity • Aug 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.4% to S$0.60. The fair value is estimated to be S$0.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to decline by 38% in the next 2 years. Reported Earnings • Aug 04
First half 2024 earnings released: EPS: S$0.015 (vs S$0.022 in 1H 2023) First half 2024 results: EPS: S$0.015 (down from S$0.022 in 1H 2023). Revenue: S$53.8m (up 3.4% from 1H 2023). Net income: S$30.4m (down 30% from 1H 2023). Profit margin: 57% (down from 84% in 1H 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Hotel and Resort REITs industry in Singapore. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 02
First half dividend increased to S$0.02 Dividend of S$0.02 is 2.1% higher than last year. Ex-date: 6th August 2024 Payment date: 5th September 2024 Dividend yield will be 6.5%, which is about the same as the industry average. Announcement • Jul 30
Far East H-Trust Has Announces Distribution for the Period from 1 January 2024 to 30 June 2024, Payable on 5 September 2024 Far East H-Trust has announced a distribution of 1.96 Singapore cents per Stapled Security for the period from 1 January 2024 to 30 June 2024, comprising a taxable income component of 1.65 Singapore cents per Stapled Security ("taxable income distribution") and a other gains component of 0.31 Singapore cents per Stapled Security ("other gains distribution") from Far East Hospitality Real Estate Investment Trust ("Far East H-REIT") entirely. Record date is 7 August 2024. Stapled Securityholders whose securities accounts with The Central Depository (Pte) Limited are credited with stapled securities of Far East H-Trust ("Stapled Securities") as on 7 August 2024 will be entitled to the distribution that will be paid on 5 September 2024. Announcement • Jul 09
Far East Hospitality Trust to Report Q2, 2024 Results on Jul 30, 2024 Far East Hospitality Trust announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024 Reported Earnings • Mar 26
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: S$0.065 (down from S$0.10 in FY 2022). Revenue: S$106.8m (up 28% from FY 2022). Net income: S$130.3m (down 36% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 74%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Hotel and Resort REITs industry in Singapore. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 21
Far East Hospitality Trust, Annual General Meeting, Apr 22, 2024 Far East Hospitality Trust, Annual General Meeting, Apr 22, 2024, at 14:30 China Standard Time. Location: Antica Ballroom, Orchard Rendezvous Hotel, 1 Tanglin Road Singapore Singapore Agenda: To re-appoint Ernst & Young LLP as auditors of Far East H-Trust comprising Far East H-REIT and Far East H-BT to hold office until the conclusion of the next annual general meeting of Far East H-Trust and to authorize the REIT Manager and the Trustee-Manager to determine their remuneration; to authorize the REIT Manager and the Trustee-Manager to issue Stapled Securities and to make or grant convertible instruments; to approve the proposed adoption of the Stapled Security Buy-Back Mandate; and to consider other maters. Declared Dividend • Feb 18
Final dividend increased to S$0.022 Dividend of S$0.022 is 25% higher than last year. Ex-date: 21st February 2024 Payment date: 21st March 2024 Dividend yield will be 6.3%, which is about the same as the industry average. New Risk • Feb 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 122% Last year net profit margin: 244% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (122% net profit margin). Reported Earnings • Feb 14
Full year 2023 earnings released Full year 2023 results: Revenue: S$83.6m (flat on FY 2022). Net income: S$203.8m (flat on FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Hotel and Resort REITs industry in Singapore. Announcement • Jan 17
Far East Hospitality Trust to Report Second Half, 2023 Results on Feb 14, 2024 Far East Hospitality Trust announced that they will report second half, 2023 results on Feb 14, 2024 Reported Earnings • Jul 30
First half 2023 earnings released: EPS: S$0.022 (vs S$0.038 in 1H 2022) First half 2023 results: EPS: S$0.022 (down from S$0.038 in 1H 2022). Revenue: S$52.0m (up 27% from 1H 2022). Net income: S$43.7m (down 41% from 1H 2022). Profit margin: 84% (down from 182% in 1H 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hotel and Resort REITs industry in Singapore. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
Far East Hospitality Trust Declares Cash Dividend for the Period from 1 January 2023 to 30 June 2023, Payable on 5 September 2023 The Transfer Books and Register of Stapled Securityholders of Far East Hospitality Trust ("Far East H-Trust") will be closed at 5.00 p.m. on 7 August 2023 (the "Record Date") for the purpose of determining the entitlements of stapled securityholders of Far East H-Trust ("Stapled Securityholders") to Far East H-Trust's distribution for the period from 1 January 2023 to 30 June 2023. Far East H-Trust has announced a distribution of 1.92 Singapore cents per Stapled Security for the period from 1 January 2023 to 30 June 2023, comprising a taxable income component of 1.72 Singapore cents per Stapled Security ("taxable income distribution") and a other gains component of 0.20 Singapore cents per Stapled Security ("other gains distribution") from Far East Hospitality Real Estate Investment Trust ("Far East H-REIT") entirely. Stapled Securityholders whose securities accounts with The Central Depository (Pte) Limited are credited with stapled securities of Far East H-Trust ("Stapled Securities") as at 5.00 p.m. on 7 August 2023 will be entitled to the distribution that will be paid on 5 September 2023. Announcement • Jul 13
Far East Hospitality Trust to Report First Half, 2023 Results on Jul 28, 2023 Far East Hospitality Trust announced that they will report first half, 2023 results on Jul 28, 2023 Reported Earnings • Feb 17
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: S$0.10 (up from S$0.067 in FY 2021). Revenue: S$83.6m (up 5.5% from FY 2021). Net income: S$203.8m (up 56% from FY 2021). Net asset value (NAV) per share: S$0.90 (up 8.4% from FY 2021). The current share price is 28% lower than NAV per share. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Singapore. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 14
Far East Hospitality Trust Announces Distribution for the Half Year Ended December 31, 2022, Payable on 22 March 2023 Far East Hospitality Trust announced distribution of 1.73 cents for the half year ended December 31, 2022 as compared to 1.53 cents a year ago, Payable on 22 March 2023. The distribution comprising a taxable income component of 1.49 Singapore cents per Stapled Security a tax-exempt income component of 0.03 Singapore cents per Stapled Security and a other gains component of 0.21 Singapore cents per Stapled Security from Far East Hospitality Real Estate Investment Trust entirely. Notice is hereby given that the Transfer Books and Register of Stapled Securityholders of Far East Hospitality Trust will be closed at 5.00 p.m. on 22 February 2023 for the purpose of determining the entitlements of stapled securityholders of Far East H-Trust to Far East H-Trust's distribution for the period from 1 July 2022 to 31 December 2022. Announcement • Jan 17
Far East Hospitality Trust to Report Fiscal Year 2022 Results on Feb 14, 2023 Far East Hospitality Trust announced that they will report fiscal year 2022 results at 9:00 AM, Singapore Standard Time on Feb 14, 2023 Reported Earnings • Aug 03
First half 2022 earnings released: EPS: S$0.038 (vs S$0.014 in 1H 2021) First half 2022 results: EPS: S$0.038 (up from S$0.014 in 1H 2021). Revenue: S$41.0m (up 4.9% from 1H 2021). Net income: S$74.4m (up 177% from 1H 2021). Over the next year, revenue is forecast to grow 10%, compared to a 7.4% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Far East Hospitality Trust Announces Distribution for the Period from 1 January 2022 to 30 June 2022, Payable on 6 September 2022 Far East Hospitality Trust (Far East H-Trust) announced that transfer books and register of stapled securityholders of Far East Hospitality Trust will be closed on 8 August 2022 (Record Date) for the purpose of determining the entitlements of stapled securityholders of Far East H-Trust (Stapled Securityholders) to Far East H-Trust's distribution for the period from 1 January 2022 to 30 June 2022. Far East H-Trust has announced a distribution of 1.54 Singapore cents per Stapled Security for the period from 1 January 2022 to 30 June 2022, comprising a taxable income component of 1.44Singapore cents per Stapled Security (taxable income distribution); and a other gains component of 0.10 Singapore cents per Stapled Security (other gains distribution) from Far East Hospitality Real Estate Investment Trust (Far East H-REIT) entirely. Stapled Securityholders whose securities accounts with The Central Depository (Pte) Limited are credited with stapled securities of Far East H-Trust (Stapled Securities) as on 8 August 2022 will be entitled to the distribution that will be paid on 6 September 2022. Announcement • Jul 01
Far East Hospitality Trust Announces Changes to the Boards of the Managers and Board Committee Far East Hospitality Trust announced the following changes in the composition of the Boards of the Managers and the Board Committee of the REIT Manager: The Cessation of Mr. Huang Cheng Eng as a Non-Independent Non-Executive Director of the Boards of the Managers with effect from 30 June 2022. Mr. Huang shall cease as a member of the Nominating Committee concurrent with his cessation from the Board of the REIT Manager. The appointment of Mr. Gerald Lee Hwee Keong, currently the Chief Executive Officer of the Managers, as an Executive Director of the Boards of the Managers with effect from 1 July 2022. Mr. Gerald Lee is principally responsible for the management and conduct of the business of the REIT Manager. He has full executive responsibilities over the business direction and operational decisions in managing Far East H-REIT. The Board believes that Mr. Gerald Lee's appointment as Executive Director will be beneficial and facilitate the implementation of the business strategies and the long-term strategic growth of Far East H-REIT. The appointment of Mr. Wee Kheng Jin as a member of the NC in Mr. Huang's stead with effect from 1 July 2022. Consequent thereof, the NC shall henceforth comprise the following members: Nominating Committee consists of Ms. Vivienne Lim Hui Bian as Chairman, Lead Independent Director, Mr. Wee Kheng Jin as Member, Chairman and Non-Executive Director and Ms. Catherine Lee Khia Yee as Member, Independent Director. Buying Opportunity • May 10
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be S$0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is forecast to decline by 7.6% per annum over the same time period. Major Estimate Revision • Apr 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from S$0.02 to S$0.03. Revenue forecast steady at S$85.3m. Net income forecast to shrink 60% next year vs 12% decline forecast for REITs industry in Singapore. Consensus price target up from S$0.69 to S$0.72. Share price was steady at S$0.67 over the past week. Reported Earnings • Mar 31
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: S$0.067 (up from S$0.048 loss in FY 2020). Revenue: S$79.2m (flat on FY 2020). Net income: S$131.0m (up S$224.4m from FY 2020). Net asset value (NAV) per share: S$0.83 (up 5.1% from FY 2020). The current share price is 22% lower than NAV per share. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 217%. Over the next year, revenue is forecast to grow 8.1%, compared to a 6.4% growth forecast for the reits industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Far East Hospitality Trust, Annual General Meeting, Apr 21, 2022 Far East Hospitality Trust, Annual General Meeting, Apr 21, 2022, at 15:00 Singapore Standard Time. Agenda: To receive and adopt the audited Financial Statements of Far East H-Trust for the financial year ended 31 December 2021, comprising the audited Financial Statements of Far East Hospitality Real Estate Investment Trust and the audited Financial Statements of Far East Hospitality Business Trust, the Report of DBS Trustee Limited, as the trustee of Far East H-REIT, the Report of FEO Hospitality Asset Management Pte. Ltd., as the manager of Far East H-REIT, the Report of FEO Hospitality Trust Management Pte. Ltd., as the trustee-manager of Far East H-BT, the Statement by the Chief Executive Officer of the Trustee-Manager, together with the Auditor's Report thereon; to re-appoint Ernst & Young LLP as auditors of Far East H-Trust comprising Far East H-REIT and Far East H-BT to hold office until the conclusion of the next annual general meeting of Far East H-Trust and to authorise the REIT Manager and the Trustee-Manager to determine their remuneration; and to consider other matters. Reported Earnings • Feb 18
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: S$0.067 (up from S$0.048 loss in FY 2020). Revenue: S$79.2m (flat on FY 2020). Net income: S$131.0m (up S$224.4m from FY 2020). Net asset value (NAV) per share: S$0.83 (up 5.1% from FY 2020). The current share price is 27% lower than NAV per share. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 217%. Over the next year, revenue is forecast to grow 6.2%, compared to a 5.7% growth forecast for the reits industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 15
Far East Hospitality Trust Announces Distribution for the Period from 1 July 2021 to 31 December 2021, Payable on March 23, 2022 Far East Hospitality Trust has announced a distribution of 1.53 Singapore cents per Stapled Security for the period from 1 July 2021 to 31 December 2021, comprising a taxable income component of 1.42 Singapore cents per Stapled Security; and a tax-exempt income component of 0.11 Singapore cents per Stapled Security (tax-exempt income distribution) from Far East Hospitality Real Estate Investment Trust (Far East H-REIT) entirely. Stapled Securityholders whose securities accounts with The Central Depository (Pte) Limited are credited with stapled securities of Far East H-Trust (Stapled Securities) on 23 February 2022 will be entitled to the distribution that will be paid on 23 March 2022. Buying Opportunity • Jan 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be S$0.73, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% per annum over the last 3 years. The company became loss making over the last year. Reported Earnings • Aug 05
First half 2021 earnings released: EPS S$0.014 (vs S$0.005 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: S$39.1m (down 6.4% from 1H 2020). Net income: S$26.8m (up 202% from 1H 2020). Profit margin: 69% (up from 21% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Executive Departure • May 06
Lead Independent Director of FEO Hospitality Asset Management Pte Ltd has left the company On the 30th of April, Jue Hiang Cheng's tenure as Lead Independent Director of FEO Hospitality Asset Management Pte Ltd ended after 8.2 years in the role. As of December 2020, Jue Hiang personally held 636.52k shares (S$395k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 06
Independent Director of FEO Hospitality Asset Management Pte Ltd has left the company On the 30th of April, Khai Fatt Lee's tenure as Independent Director of FEO Hospitality Asset Management Pte Ltd ended after 8.8 years in the role. As of December 2020, Khai Fatt personally held 622.53k shares (S$386k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 27
Full year 2020 earnings released: S$0.048 loss per share (vs S$0.032 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$79.3m (down 27% from FY 2019). Net loss: S$93.4m (down 255% from profit in FY 2019). Net asset value (NAV) per share: S$0.79 (down 8.1% from FY 2019). The current share price is 20% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 24
New 90-day low: S$0.56 The company is down 11% from its price of S$0.64 on 26 November 2020. The Singaporean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.64 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: S$0.048 loss per share (vs S$0.032 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$79.3m (down 27% from FY 2019). Net loss: S$93.4m (down 255% from profit in FY 2019). Net asset value (NAV) per share: S$0.79 (down 8.1% from FY 2019). The current share price is 26% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 10%, compared to a 21% growth forecast for the REITs industry in Singapore. Is New 90 Day High Low • Feb 08
New 90-day low: S$0.57 The company is down 10.0% from its price of S$0.64 on 10 November 2020. The Singaporean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.66 per share. Announcement • Jan 26
Far East Hospitality Trust to Report Fiscal Year 2020 Results on Feb 11, 2021 Far East Hospitality Trust announced that they will report fiscal year 2020 results Pre-Market on Feb 11, 2021 Announcement • Jan 01
Far East Hospitality Trust Appoints Benedict Leh Song Boon as Independent Director Far East Hospitality Trust announced the appointment of BENEDICT LEH SONG BOON as Non-Executive Independent Director. Is New 90 Day High Low • Nov 10
New 90-day high: S$0.64 The company is up 28% from its price of S$0.50 on 12 August 2020. The Singaporean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.64 per share. Price Target Changed • Sep 25
Price target raised to S$0.61 Up from S$0.56, the current price target is an average from 6 analysts. The new target price is 11% above the current share price of S$0.55. As of last close, the stock is down 20% over the past year. Announcement • Jul 17
Far East Hospitality Trust to Report First Half, 2020 Results on Jul 30, 2020 Far East Hospitality Trust announced that they will report first half, 2020 results on Jul 30, 2020