Far East Hospitality Trust - RevPAR Growth Is Expected To Continue In FY25e

Far East Hospitality Trust - Phillip Securities 2025-02-13: RevPAR Growth Is Expected To Continue In FY25e

Far East Hospitality Trust - RevPAR Growth Is Expected To Continue In FY25e

SGinvestors.io

Published: 2025-02-21 04:24 AM

- Read this at SGinvestors.io -

Notably, revenue from commercial premises surged by 7.3% y-o-y while hotel RevPAR improved by 5.7% y-o-y, leading to a 0.9% y-o-y increase in hotel. NPI increased by 0.2% y-o-y to S$99.3mil, meeting our FY24e forecast despite higher property tax.

- Read this at SGinvestors.io -

We trim our FY25e-26e DPU forecasts by 3% to 3.99–3.94 cents, reflecting a narrower NPI margin due to higher property taxes and uncertainty over capital top-ups. We maintain our BUY rating with a lower DDM-based Far East Hospitality Trust's target price of S$0.73 (prev: S$0.75).

The Positives

Resilient hotel RevPAR growth.

Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

SGinvestors.io

Liu Miao Miao Phillip Securities Research | https://www.poems.com.sg/ 2025-02-13

Read also Phillip's most recent report:
2025-05-02 Far East Hospitality Trust - Lower Hospitality Contribution Due To High Base Effect.

Price targets by 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 Dividend Payout Dates & Corporate Actions,
Far East Hospitality Trust News