0835 GMT - Far East Hospitality Trust's strategy to diversify its Singapore-heavy portfolio appears to be working out, say DBS Group Research analysts in commentary. One of its hotels in Nagoya, Japan, was its top performer last year despite a challenging operating environment, with its gross operating profit growing 10.5% on recovering visitor volumes in the meetings, incentives, conferences, and exhibitions segment. The real-estate investment trust's manager is likely to sell more assets in Singapore to acquire newer properties from its sponsor's pipeline, where it has the right of first refusal. DBS estimates the REIT's FY 2026-FY 2027 distribution per unit to be S$0.036 for both years. DBS maintains its buy rating and S$0.70 target price based on a price-to-book ratio of 0.8X. Units are flat at S$0.62. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 13, 2026 03:35 ET (08:35 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.