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Far East Hospitality Trust

SGX:Q5T
Snowflake Description

Average dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
Q5T
SGX
SGD1B
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Far East H-Trust is the first and only Singapore-Focused Hotel and Serviced Residence Hospitality Trust listed on the Main Board of The Singapore Exchange Securities Trading Limited (“SGX-ST”). The last earnings update was 27 days ago. More info.


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Q5T Share Price and Events
7 Day Returns
-2.2%
SGX:Q5T
-1.1%
SG REITs
0.3%
SG Market
1 Year Returns
0%
SGX:Q5T
2.4%
SG REITs
-6.2%
SG Market
Q5T Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Far East Hospitality Trust (Q5T) -2.2% 1.5% 6.3% 0% 1.5% -24.3%
SG REITs -1.1% 0.7% 4.8% 2.4% 13.4% 11.6%
SG Market 0.3% 3.3% 3.7% -6.2% 8.5% -3%
1 Year Return vs Industry and Market
  • Q5T underperformed the REITs industry which returned 2.4% over the past year.
  • Q5T outperformed the Market in Singapore which returned -6.2% over the past year.
Price Volatility
Q5T
Industry
5yr Volatility vs Market

Value

 Is Far East Hospitality Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Far East Hospitality Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Far East Hospitality Trust.

SGX:Q5T Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:Q5T
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.538 (1 + (1- 17%) (81.18%))
0.934
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.934 * 5.96%)
7.87%

Discounted Cash Flow Calculation for SGX:Q5T using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Far East Hospitality Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Far East Hospitality Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

SGX:Q5T DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (SGD, Millions) Source Present Value
Discounted (@ 7.87%)
2019 69.00 Analyst x1 63.97
2020 75.00 Analyst x1 64.46
2021 77.00 Analyst x1 61.35
2022 78.85 Est @ 2.41% 58.25
2023 80.72 Est @ 2.37% 55.28
2024 82.62 Est @ 2.35% 52.45
2025 84.56 Est @ 2.34% 49.77
2026 86.52 Est @ 2.33% 47.21
2027 88.53 Est @ 2.32% 44.78
2028 90.58 Est @ 2.32% 42.48
Present value of next 10 years cash flows SGD539.99
SGX:Q5T DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD90.58 × (1 + 2.3%) ÷ (7.87% – 2.3%)
SGD1,665.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD1,665.55 ÷ (1 + 7.87%)10
SGD781.06
SGX:Q5T Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD539.99 + SGD781.06
SGD1,321.05
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD1,321.05 / 1,893.64
SGD0.7
SGX:Q5T Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.70
Current discount Discount to share price of SGD0.67
= -1 x (SGD0.67 - SGD0.70) / SGD0.70
4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Far East Hospitality Trust is available for.
Intrinsic value
4%
Share price is SGD0.67 vs Future cash flow value of SGD0.69763
Current Discount Checks
For Far East Hospitality Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Far East Hospitality Trust's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Far East Hospitality Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Far East Hospitality Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Far East Hospitality Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:Q5T PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.05
SGX:Q5T Share Price ** SGX (2019-04-18) in SGD SGD0.67
Singapore REITs Industry PE Ratio Median Figure of 39 Publicly-Listed REITs Companies 13.16x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.2x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Far East Hospitality Trust.

SGX:Q5T PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:Q5T Share Price ÷ EPS (both in SGD)

= 0.67 ÷ 0.05

13.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Far East Hospitality Trust is overvalued based on earnings compared to the SG REITs industry average.
  • Far East Hospitality Trust is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Far East Hospitality Trust's expected growth come at a high price?
Raw Data
SGX:Q5T PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
0.3%per year
Singapore REITs Industry PEG Ratio Median Figure of 37 Publicly-Listed REITs Companies 2.08x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

SGX:Q5T PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.79x ÷ 0.3%

46.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Far East Hospitality Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Far East Hospitality Trust's assets?
Raw Data
SGX:Q5T PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.88
SGX:Q5T Share Price * SGX (2019-04-18) in SGD SGD0.67
Singapore REITs Industry PB Ratio Median Figure of 41 Publicly-Listed REITs Companies 0.96x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:Q5T PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:Q5T Share Price ÷ Book Value per Share (both in SGD)

= 0.67 ÷ 0.88

0.76x

* Primary Listing of Far East Hospitality Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Far East Hospitality Trust is good value based on assets compared to the SG REITs industry average.
X
Value checks
We assess Far East Hospitality Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Far East Hospitality Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Far East Hospitality Trust expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Far East Hospitality Trust expected to grow at an attractive rate?
  • Far East Hospitality Trust's earnings growth is positive but not above the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Far East Hospitality Trust's earnings growth is positive but not above the Singapore market average.
  • Far East Hospitality Trust's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:Q5T Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:Q5T Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 0.3%
SGX:Q5T Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.7%
Singapore REITs Industry Earnings Growth Rate Market Cap Weighted Average -3.1%
Singapore REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:Q5T Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:Q5T Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 129 114 87 5
2020-12-31 126 111 86 6
2019-12-31 122 107 66 6
SGX:Q5T Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 112 101 91
2018-09-30 110 95 24
2018-06-30 107 92 24
2018-03-31 105 82 19
2017-12-31 104 89 14
2017-09-30 106 91 32
2017-06-30 106 91 31
2017-03-31 106 92 33
2016-12-31 109 96 30
2016-09-30 110 98 15
2016-06-30 112 109 21
2016-03-31 115 110 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Far East Hospitality Trust's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • Far East Hospitality Trust's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:Q5T Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Far East Hospitality Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:Q5T Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.04 0.04 0.04 2.00
2020-12-31 0.04 0.04 0.04 2.00
2019-12-31 0.03 0.04 0.03 2.00
SGX:Q5T Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.02
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 0.01
2016-06-30 0.01
2016-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Far East Hospitality Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Far East Hospitality Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Far East Hospitality Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Far East Hospitality Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Far East Hospitality Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Far East Hospitality Trust's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Far East Hospitality Trust's 1-year earnings growth exceeds its 5-year average (533.8% vs -35.4%)
  • Far East Hospitality Trust's earnings growth has exceeded the SG REITs industry average in the past year (533.8% vs 5.9%).
Earnings and Revenue History
Far East Hospitality Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Far East Hospitality Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:Q5T Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 111.59 90.60 1.75
2018-09-30 110.23 24.09 1.28
2018-06-30 107.27 23.73 1.60
2018-03-31 104.61 19.25 1.79
2017-12-31 103.68 14.30 2.02
2017-09-30 105.52 32.45 1.76
2017-06-30 106.12 30.65 1.36
2017-03-31 106.41 32.52 1.22
2016-12-31 109.01 30.07 1.24
2016-09-30 110.30 14.89 1.32
2016-06-30 111.91 20.62 1.39
2016-03-31 114.53 22.67 1.41
2015-12-31 114.53 33.23 1.45
2015-09-30 116.01 68.72 1.24
2015-06-30 117.54 71.47 1.88
2015-03-31 118.41 70.37 1.99
2014-12-31 121.72 71.34 1.90
2014-09-30 125.00 129.32 1.96
2014-06-30 125.33 123.55 1.28
2014-03-31 125.04 139.32 0.99
2013-12-31 122.48 138.16 0.94
2012-12-31 101.32 166.89 29.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Far East Hospitality Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Far East Hospitality Trust used its assets less efficiently than the SG REITs industry average last year based on Return on Assets.
  • Far East Hospitality Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Far East Hospitality Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Far East Hospitality Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Far East Hospitality Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Far East Hospitality Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Far East Hospitality Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Far East Hospitality Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Far East Hospitality Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Far East Hospitality Trust Company Filings, last reported 3 months ago.

SGX:Q5T Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,647.57 1,029.90 13.21
2018-09-30 1,624.41 1,024.12 9.57
2018-06-30 1,622.92 1,026.54 11.37
2018-03-31 1,619.39 812.89 6.53
2017-12-31 1,618.71 798.86 3.91
2017-09-30 1,661.78 796.42 2.86
2017-06-30 1,648.85 824.21 21.76
2017-03-31 1,639.09 822.47 7.74
2016-12-31 1,645.58 822.82 19.32
2016-09-30 1,671.47 823.00 13.69
2016-06-30 1,671.62 822.47 19.05
2016-03-31 1,674.31 819.90 21.50
2015-12-31 1,683.88 817.03 35.65
2015-09-30 1,726.16 795.56 32.83
2015-06-30 1,723.05 795.55 23.67
2015-03-31 1,723.23 795.36 23.61
2014-12-31 1,724.04 795.17 26.18
2014-09-30 1,732.74 795.69 27.61
2014-06-30 1,728.09 779.89 21.21
2014-03-31 1,733.29 779.69 29.01
2013-12-31 1,735.32 779.48 35.20
2012-12-31 1,552.93 649.10 35.66
  • Far East Hospitality Trust's level of debt (62.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.9% vs 62.5% today).
  • Debt is not well covered by operating cash flow (9.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Far East Hospitality Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Far East Hospitality Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Far East Hospitality Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.97%
Current annual income from Far East Hospitality Trust dividends. Estimated to be 6.54% next year.
If you bought SGD2,000 of Far East Hospitality Trust shares you are expected to receive SGD119 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Far East Hospitality Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Far East Hospitality Trust's dividend is above the markets top 25% of dividend payers in Singapore (5.44%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:Q5T Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Singapore REITs Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 5.7%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:Q5T Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.05 6.00
2020-12-31 0.04 7.00
2019-12-31 0.04 7.00
SGX:Q5T Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.040 5.841
2019-02-12 0.040 6.147
2018-02-14 0.039 6.033
2017-02-22 0.043 6.529
2016-03-29 0.046 7.582
2016-02-23 0.046 7.233
2015-04-28 0.051 7.558
2015-02-10 0.051 6.314
2014-02-11 0.056 6.718
2013-06-28 0.057 6.539
2013-05-08 0.055 5.409
2013-04-01 0.021 1.820
2013-02-05 0.021 1.868

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Far East Hospitality Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Far East Hospitality Trust only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Far East Hospitality Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (1562.5x coverage).
X
Income/ dividend checks
We assess Far East Hospitality Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Far East Hospitality Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Far East Hospitality Trust has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Far East Hospitality Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gerald Lee
COMPENSATION SGD614,203
AGE 52
CEO Bio

Mr. Hwee Keong Lee, also known as Gerald, serves as the Chief Executive Officer of FEO Hospitality Asset Management Pte Ltd., REII Manager of Far East Hospitality Trust. Mr. Lee serves as the Chief Executive Officer of FEO Hospitality Trust Management Pte. Ltd. He served as the Chief Executive Officer of Ascott Hospitality at The Ascott Group Ltd. since October 2008. He served as the Deputy Chief Executive Officer of Operations at Ascott Group Ltd. since August 1, 2007. Mr. Lee served as the Chief Executive Officer for Europe and Chief Brand and Marketing Officer at Ascott Group Ltd. since July 2005 and served as its Senior Vice President of Brand & Marketing since April 2005 until 2006. From 1991 to 2005, he served as an Assistant Chief Executive, Leisure at the Singapore Tourism Board, where he was responsible for overseeing policies and industry development of the tourism and services sectors. Mr. Lee's working experience also includes stints at Sentosa Development Corporation, where he served as its Director of Strategic Development since 2001 until 2003 and as the Deputy Director for Industry of the Ministry of Trade and Industry from 2000 to 2001. He served with the Singapore Tourism Board from 1991 to 2000. From 2010 to 2011, Mr. Lee was Executive Director of 08hundred LLP, where he was responsible for overseeing the company. He obtained an Executive Master of Business Administration (with Distinction) from INSEAD and Tsinghua University in 2012 and a Bachelor of Science (with Distinction) in 1991 from Cornell University.

CEO Compensation
  • Gerald's compensation has been consistent with company performance over the past year.
  • Gerald's remuneration is higher than average for companies of similar size in Singapore.
Management Team

Gerald Lee

TITLE
Chief Executive Officer of FEO Hospitality Asset Management Pte Ltd
COMPENSATION
SGD614K
AGE
52

Regina Yap

TITLE
Chief Financial Officer of FEO Hospitality Asset Management Pte Ltd
AGE
45
TENURE
1.8 yrs

Irfan Tayabali

TITLE
Vice President of Asset Management & Investment for FEO Hospitality Asset Management Pte Ltd

Moi Lin

TITLE
Joint Company Secretary of FEO Hospitality Asset Management Pte Ltd

Mei Low

TITLE
Joint Company Secretary of FEO Hospitality Asset Management Pte Ltd
Board of Directors Tenure

Average tenure and age of the Far East Hospitality Trust board of directors in years:

6.2
Average Tenure
65
Average Age
  • The tenure for the Far East Hospitality Trust board of directors is about average.
Board of Directors

Kheng Wee

TITLE
Non-Independent & Non-Executive Chairman of FEO Hospitality Asset Management Pte Ltd
COMPENSATION
SGD108K
AGE
63
TENURE
0.8 yrs

Kyle Lee

TITLE
Independent Director of FEO Hospitality Asset Management Pte Ltd
COMPENSATION
SGD105K
AGE
66
TENURE
6.8 yrs

Cheng Huang

TITLE
Independent Director of FEO Hospitality Asset Management Pte Ltd
COMPENSATION
SGD100K
AGE
70
TENURE
6.8 yrs

Willie Cheng

TITLE
Lead Independent Director of FEO Hospitality Asset Management Pte Ltd
COMPENSATION
SGD113K
AGE
64
TENURE
6.2 yrs

Vivienne Lim

TITLE
Independent Director of FEO Hospitality Asset Management Pte Ltd
COMPENSATION
SGD28K
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
08. Apr 19 Sell FEO Hospitality Asset Management Pte Ltd. Company 08. Apr 19 08. Apr 19 -5,000,000 SGD0.67 SGD-3,337,499
14. Mar 19 Sell FEO Hospitality Asset Management Pte Ltd. Company 14. Mar 19 14. Mar 19 -600,000 SGD0.65 SGD-387,240
18. Dec 18 Buy Far East Organization Centre Pte. Ltd. Company 14. Dec 18 14. Dec 18 600,000 SGD0.60 SGD362,880
14. Dec 18 Sell FEO Hospitality Asset Management Pte Ltd. Company 14. Dec 18 14. Dec 18 -600,000 SGD0.60 SGD-362,880
21. Sep 18 Sell FEO Hospitality Asset Management Pte Ltd. Company 21. Sep 18 21. Sep 18 -600,000 SGD0.65 SGD-390,900
17. Sep 18 Buy Far East Organization Centre Pte. Ltd. Company 14. Sep 18 14. Sep 18 600,000 SGD0.65 SGD390,900
18. Jun 18 Sell FEO Hospitality Asset Management Pte Ltd. Company 14. Jun 18 14. Jun 18 -600,000 SGD0.67 SGD-399,300
18. Jun 18 Buy Far East Organization Centre Pte. Ltd. Company 14. Jun 18 14. Jun 18 600,000 SGD0.67 SGD399,300
X
Management checks
We assess Far East Hospitality Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Far East Hospitality Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Are Dividend Investors Getting More Than They Bargained For With Far East Hospitality Trust's (SGX:Q5T) Dividend?

Dividend paying stocks like Far East Hospitality Trust (SGX:Q5T) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends.. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Far East Hospitality Trust is a new dividend aristocrat in the making. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

What Kind Of Shareholders Own Far East Hospitality Trust (SGX:Q5T)?

The big shareholder groups in Far East Hospitality Trust (SGX:Q5T) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Far East Hospitality Trust isn't enormous, but it's not particularly small either.

Simply Wall St -

Should You Worry About Far East Hospitality Trust's (SGX:Q5T) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Gerald Lee's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Far East Hospitality Trust has a market cap of S$1.2b, and is paying total annual CEO compensation of S$634k.

Simply Wall St -

Far East Hospitality Trust (SGX:Q5T): Are Analysts Bullish?

Help shape the future of investing tools and you could win a $250 gift card! … In December 2018, Far East Hospitality Trust (SGX:Q5T) announced its latest earnings update, whicha

Simply Wall St -

Can We See Significant Institutional Ownership On The Far East Hospitality Trust (SGX:Q5T) Share Register?

The big shareholder groups in Far East Hospitality Trust (SGX:Q5T) have power over the company. … Far East Hospitality Trust has a market capitalization of S$1.1b, so we would expect some institutional investors to have noticed the stock. … institutional investors have bought into the company.

Simply Wall St -

How Should You Analyze REIT Stock Far East Hospitality Trust (SGX:Q5T)?

Far East Hospitality Trust is a S$1.1b. … real estate investment trust (REIT) based in Singapore, Singapore. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St -

Why Far East Hospitality Trust (SGX:Q5T) Delivered An Inferior ROE Compared To The Industry

and want to learn about Return on Equity using a real-life example. … Far East Hospitality Trust (SGX:Q5T) generated a below-average return on equity of 1.19% in the past 12 months, while its industry returned 6.00%. … View our latest analysis for Far East Hospitality Trust

Simply Wall St -

How Should You Analyze REIT Stock Far East Hospitality Trust (SGX:Q5T)?

Far East Hospitality Trust is a S$1.19b. … real estate investment trust (REIT) based in Singapore, Singapore. … See our latest analysis for Far East Hospitality Trust

Simply Wall St -

At S$00.67, Is Far East Hospitality Trust (SGX:Q5T) A Buy?

Let’s take a look at Far East Hospitality Trust’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change … View out our latest analysis for Far East Hospitality Trust … 9.13% above my intrinsic value, which means if you buy Far East Hospitality Trust today, you’d be paying a relatively

Simply Wall St -

How To Look At Far East Hospitality Trust (SGX:Q5T)

Far East Hospitality Trust is a S$1.22B small-cap real estate investment trust (REIT) based in Singapore, Singapore. … Check out our latest analysis for Far East Hospitality Trust A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent. … But realistically, companies have many levers to pull in order to pay back their debt, beyond operating income alone.

Simply Wall St -

Company Info

Description

Far East H-Trust is the first and only Singapore-Focused Hotel and Serviced Residence Hospitality Trust listed on the Main Board of The Singapore Exchange Securities Trading Limited (“SGX-ST”). Comprising Far East Hospitality Real Estate Investment Trust (“Far East H-REIT”) and Far East Hospitality Business Trust (“Far East H-BT”), Far East H-Trust was listed on the SGX-ST on 27 August 2012 and has a portfolio of 13 properties totaling 3,143 hotel rooms and serviced residence units valued at approximately $2.63 billion as at 31 December 2018. Managed by FEO Hospitality Asset Management Pte. Ltd. and FEO Hospitality Trust Management Pte. Ltd. (collectively, the “Managers”) and sponsored by members of Far East Organization Group (the “Sponsor”), Far East H-Trust seeks to provide Stapled Securityholders with regular, stable and growing distributions on a quarterly basis. Far East H-Trust is listed on the FTSE ST Mid Cap Index.

Details
Name: Far East Hospitality Trust
Q5T
Exchange: SGX
Founded: 2012
SGD1,268,737,634
1,893,638,261
Website: http://www.fareasthospitalitytrust.com
Address: Far East Hospitality Trust
1 Tanglin Road,
No. 05-01 Orchard Rendezvous Hotel,
Singapore,
247905,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX Q5T Stapled Securities Singapore Exchange SG SGD 27. Aug 2012
Number of employees
Current staff
Staff numbers
9
Far East Hospitality Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:52
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/03/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.