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

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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.

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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.

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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

Previous report by Phillip:
2024-11-01 Far East Hospitality Trust - Growth Is Moderating.

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