Singapore's Far East Hospitality Trust H1 gross revenue rises on improved serviced residence performance

Far East Hospitality Trust

29/07/2026 23:32

Overview
Singapore hospitality REIT's H1 gross revenue rose 4.3% yr/yr on improved serviced residence performance
Core distribution from taxable income up 9.9% yr/yr, aided by lower finance expenses
Net property income was flat, falling 0.6% yr/yr as property expenses increased

Outlook
Company expects geopolitical tensions and economic uncertainty to weigh on near-term travel demand
Singapore hospitality sector expected to be supported by major events and ongoing tourism investments in 2H 2026
Japan inbound tourism remains high, with international events expected to support demand

Result Drivers
SERVICED RESIDENCES - Revenue growth was supported by improved performance in serviced residences and the full-period contribution from Four Points by Sheraton Nagoya (“FPN”), which was acquired in April 2025
SINGAPORE RESILIENCE - Singapore portfolio remained resilient with improved occupancy despite softer regional travel demand
LOWER FINANCE EXPENSES - Lower finance expenses aided increase in core distribution from taxable income

Company press release: ID:nSN5SCq9Z

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Gross Revenue
 
S$53.79 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Far East Hospitality Trust is S$0.74, about 24.6% above its July 29 closing price of S$0.59
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
July 27 - Singapore's CapitaLand Ascott Trust H1 revenue falls on property closures, divestments
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July 28 - Singapore Airlines posts first quarterly loss since 2022 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)