Far East Hospitality Trust - More Room For Acquisitions
FAR EAST HOSPITALITY TRUST (SGX:Q5T)
- Far East Hospitality Trust (SGX:Q5T) is divesting Central Square, which will be redeveloped, at 58% premium vs valuation, for S$313m.
- Proceeds to be used to pare debt, and improve gearing, NAV, DPU.
- Reiterate ADD call on Far East Hospitality Trust. Far East Hospitality Trust’s portfolio is backed by income from master leases and it has no master lease expiry until 2032.
- Potential acquisitions post disposal to provide income upside.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
EING Kar Mei CFA CGS-CIMB Research | LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2021-12-02
Read also CGS-CIMB's most recent report:
2022-10-28 Far East Hospitality Trust - A Good Set Of Results.
Previous report by CGS-CIMB:
2022-10-07 Far East Hospitality Trust - Reason For Optimism.
Price targets by 2 other brokers at Far East Hospitality Trust Target Prices.
Listing of research reports at Far East Hospitality Trust Analyst Reports.
Relevant links:
Far East Hospitality Trust Share Price History,
Far East Hospitality Trust Announcements,
Far East Hospitality Trust Dividends & Corporate Actions,
Far East Hospitality Trust News Articles
