{
  "id": 16985561,
  "title": "Far East Hospitality Trust Q3 net property income up 6.3% at S$27.6 million",
  "url": "https://urgent.news/2026/10/29/far-east-hospitality-trust-q3-net-property-income-up-6-3-at-s-27-6",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T00:43:38.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/far-east-hospitality-trust-q3-net-property-income-6-3-s27-6-million"
  },
  "original_language": "en",
  "account": "Far East Hospitality Trust (FEHT) reported a 6.3% increase in Q3 net property income (NPI) to S$27.6 million, up from S$25.9 million in the same period last year. The rise was primarily due to a 7.2% increase in gross revenue, reaching S$32.6 million, up from S$30.4 million previously. This growth was mainly driven by improved performance at Four Points by Sheraton Nagoya, a contracted hotel for the Asian Games 2026. FEHT's hotel portfolio gross revenue grew 9.2% to S$25 million, while Japan's hotel revenue increased 71.7% to S$4.6 million, with a 48.7% rise in revenue per available room to 12,502 yen. Singapore's hotel portfolio saw a 0.9% revenue growth, with no change in revenue per available room at S$148. Serviced residence portfolio revenue rose 5% to S$3 million, while commercial premises and other income declined 1.2% to S$4.5 million. Finance expenses dropped 16% year on year, mainly due to lower average cost of debt, which reduced to 2.3% from 3.2% previously. The Reit manager expects FEHT's portfolio to benefit from increased business travel, conferences, and events, including the Formula 1 Singapore Grand Prix and BTS world tour.",
  "summary": "It posts 7.2% higher gross revenue at S$32.6 million, from S$30.4 million in the year-ago period",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "RNZ Business",
        "title": "Government to receive $7 million full-year dividend from Public Trust",
        "url": "https://urgent.news/2026/10/28/government-to-receive-7-million-full-year-dividend-from-public-trust",
        "published": "2026-10-28T23:04:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}