Far East Hospitality Trust's (SGX:Q5T) net property income during the third quarter declined 1% to SG$25.9 million from SG$26.2 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Gross revenue was up 5.7% year over year to SG$30.4 million from SG$28.7 million, driven by strong growth from the hotels segment.
Shares of the trust were down nearly 2% in Thursday trading.