This was caused by a lower revenue of $109.06m.
Far East Hospitality Trust (FEHT) reported that its net property income dipped by 5.3% YoY to $93.15m in 2017, from $98.36m in the previous year.
According to its financial statement, gross revenue also decreased by 4.8% YoY from $109.06m to $103.83m, which was caused by lower master lease rental from hotels and SRs due to lower demand from corporate accounts and project groups.
A decline in retail and office spaces revenue of 1.6% to $22.7m also dragged its growth.
Further, property expenses inched up by 0.3% to $10.67m.
Do you know more about this story? Contact us anonymously through this link.