Far East Hospitality Trust's (SGX:Q5T) net property income or NPI declined by 8.3% in the first quarter of the year to SG$23.0 million from SG$25.1 million a year earlier, according to a filing with the Singapore Exchange on Tuesday.
Gross revenue dropped by 6.8% year over year to SG$25.2 million from SG$27.1 million, mainly due to lower master lease revenue from the hotels and serviced residences.
Average occupancy remained firm at 79.0% during the period, resulting in a 6% year on year decline in revenue per available room or RevPAR to SG$135.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。