Far East Hospitality Trust’s distribution yield to improve by 5.7% in 2023: UOB KayHian

Reopening borders and hotel contracts will improve distribution yield.

The distribution yield of Far East Hospitality Trust (FEHT), a real estate investment trust, could improve by 5.7% in 2023, triggered by rapid opening of international borders last month as well as redeployed hotel contracts, investment banking firm, UOB KayHian, said.
In its report, UOB KayHian bared that there are three hotels under government contracts that were redeployed, which will serve business and leisure travellers in the first quarter of 2022 (Q1 2022).
UOB KayHian also reported hotel stability from fixed rents and an unchanged hotel revenue at $14.3m.
However, occupancy for hotels went down 8.2 percentage points, on a yearly basis, to 67.7% in Q1 2022 which stemmed from the ending of government contracts of three hotels, which will be used for isolation purposes. These hotels are Village Hotel Albert Court, Quincy Hotel and Elizabeth Hotel.
To date, FEHT has only three out of its nine hotels on government contracts whilst the remaining three government contracts were extended by two to three months until the middle of 2022.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


How to free manufacturing firms from the pitfalls of greenwashing
An EnterpriseSG official said standardisation and green courses will enhance businesses’ sustainability goals.
Agility matters most to Singaporean CEOs
In SG, 93% believe agility makes leaders of today successful; globally, only 88% think so.