United States

Far East Hospitality Trust says qtrly gross revenue S$27.5 million versus S$28.9 million

Tuesday, 21 Feb 2017 06:55pm EST 

Far East Hospitality Trust : Qtrly gross revenue s$ 27.533 million versus s$28.9 million . Qtrly net property income s$ 24.9 million versus $26.3 million . "Growth in tourism is expected to remain subdued in 2017" . Addition of 3,200 new hotel rooms in 2017 will put pressure on room rates .Announced a distribution of 1.12 singapore cents per stapled security for the period 1 october 2016 to 31 december 2016.