Far East Hospitality Trust

[LionFlyer]

First set of results are out. DPU at 2.09 cents. Based on yesterday's closing price of $1.07, the yield is 5.7%

http://info.sgx.com/webcoranncatth.nsf/V...A00005F63/$file/PressRelease.pdf?openelement

http://info.sgx.com/webcoranncatth.nsf/V...A00005F63/$file/PresentationSlides.pdf?openelement

[LionFlyer]

http://info.sgx.com/webcoranncatth.nsf/V...E005183A3/$file/FoxtrotPressRelease.pdf?openelement
http://info.sgx.com/webcoranncatth.nsf/V...E0052BBDC/$file/Press1.pdf?openelement

Acquisition of Rendezvous Grand Hotel Singapore and Rendezvous Gallery for S$264.3 million (at valuation)

[dotts05]

Hi can someone help me with this?

1) Is Far East Hospitality Trust a business trust and not a reit, though the underlying asset(s) is a reit with property assets itself?
2a) Would this mean that the dividends from the reit (which would always be distributed as long as the reit is profitable) would always be given to the trust?
2b)However, this dividend may not reach the trust unit holders and may sit in the trust till the trustee decides when to declare it?

Thank you very much for your help

[lonewolf]

This should largely answer your questions:

[Image: FarEastTrustStruture.jpg]

FEHT is a stapled security comprising of a REIT + Business Trust. The assets are held in the REIT which mean the prevailing rules (distribution of 90% of net income etc) applies. The Business Trust is current dormant.

The trust and REIT is separated. The income from the REIT cannot be transferred to the trust in the manner you described.

[dotts05]

Thanks for your reply and for clarifying some of the basic facts that I got wrong. Appreciate it

[propertyinvestor]

Im very happy to See Far East H Trust renting out their premises to KTV joints at sky high rents!

http://www.tnp.sg/content/they-were-punc...hitting-us

[mkmk]

2014 Q1 Results: http://infopub.sgx.com/FileOpen/SGXNET%2...eID=294123

Press Announcement: http://infopub.sgx.com/FileOpen/1Q14%20r...eID=294124

Presentation Slides: http://infopub.sgx.com/FileOpen/1Q14%20R...eID=294125

FAR EAST H-TRUST INCOME AVAILABLE FOR DISTRIBUTION GROWS 4.5% TO $23.1 MILLION IN 1Q 2014

Highlights:
• Gross revenue higher by 9.1% to $30.7 million and net property income higher by 6.3% to $27.6 million y-o-y
• Softer hotel performance balanced by the more stable serviced residences and commercial spaces
• Asset enhancement initiatives to improve the competitiveness of selected properties and to position for growth in tourism sector

1.30 cents, payment of distribution on 13th June 14. (http://infopub.sgx.com/FileOpen/Notice%2...eID=294129)

(Not vested)

[greengiraffe]

Toga offloads European hotel stakes to Far East Hospitality

THE AUSTRALIAN AUGUST 05, 2014 12:00AM

Lisa Allen

Property & Tourism Reporter
Sydney
Australia’s Toga Group has transferred half-share interests in four European hotels to its new joint-venture partner, Singapore’s Far East Hospitality Holdings, in a deal worth just over €107 million ($154m).

Far East Hospitality said its acquisition of half-stakes in the hotels in Germany and Denmark would boost income and expand its footprint into Europe. The properties are the Adina Apartment Hotel Berlin Hauptbahnhof, Adina Apartment Hotel Berlin Checkpoint Charlie, Adina Apartment Hotel Frankfurt Neue Oper and Adina Apartment Hotel Copenhagen.

Far East Hospitality chief executive Arthur Kiong said the purchases would pave the way for more acquisitions. “We are optimistic of Europe’s ability to attract tourist arrivals globally as Europe remains the world’s largest tourism region,” Mr Kiong said. With joint venture partner Toga Group, Far East Hospitality recently purchased two office blocks, in Sydney and Brisbane, for conversion to hotels.

[touzi]

This is FE Hospitality Holdings, not FEHT, the Trust. FEHT is supposed to invest in Singapore assets only.

[flinger]

This is not related to FEHT correct? More related to Far East Orchard Limited. FEHT is specifically a Singapore only trust as far as I understand.

Toga offloads European hotel stakes to Far East Hospitality

THE AUSTRALIAN AUGUST 05, 2014 12:00AM

Lisa Allen

Property & Tourism Reporter
Sydney
Australia’s Toga Group has transferred half-share interests in four European hotels to its new joint-venture partner, Singapore’s Far East Hospitality Holdings, in a deal worth just over €107 million ($154m).

Far East Hospitality said its acquisition of half-stakes in the hotels in Germany and Denmark would boost income and expand its footprint into Europe. The properties are the Adina Apartment Hotel Berlin Hauptbahnhof, Adina Apartment Hotel Berlin Checkpoint Charlie, Adina Apartment Hotel Frankfurt Neue Oper and Adina Apartment Hotel Copenhagen.

Far East Hospitality chief executive Arthur Kiong said the purchases would pave the way for more acquisitions. “We are optimistic of Europe’s ability to attract tourist arrivals globally as Europe remains the world’s largest tourism region,” Mr Kiong said. With joint venture partner Toga Group, Far East Hospitality recently purchased two office blocks, in Sydney and Brisbane, for conversion to hotels.