A Path to Forever Financial Freedom (3Fs)
Far East Hospitality Trust - Q4 FY18 Operational Performance Improves Again!
Far East Hospitality Trust (FEHT) reported their Q4 FY18 results this morning which shows Gross Revenue coming in 12.4% higher year on year and income for distribution 4.9% higher. As a result, DPU for the 4th Quarter was up 3.1% year on year from 0.97 cents to 1 cents. If we annualized the Q4 DPU, we will get 4 cents for the full year, which translates into 6.2% dividend yield.Operational PerformanceI was more interested in their operational performance, which is really key to the underlying distribution growth at the end of the day. They have registered strong operational growth, with four consecutive quarters of year on year growth in their Revpar, creeping up from $136 last year to $144 this year. Occupancy levels have also increased from 87.5% last year to 89.1% th