The net property income of Far East Hospitality Trust rose 6.0% YoY to $25.1m in 1Q24 on the back of higher gross revenue.
In a bourse filing, FEHT said its gross revenue increased 7.5% YoY to $27.1m, driven by the strong growth of its hotels and commercial premises segments. In 1Q24, FEHT’s hotel segment posted an 8.4% YoY higher revenue of $20.0m. Meanwhile, the commercial premises segment recorded a 10.0% YoY jump in its revenue, to reach $4.4m.
On the other hand, the services residences segment recorded a 2.0% YoY dip in revenue, reaching $2.7m....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.3. Iron Mountain Data Centers lauded at SBR International Business Awards 2024Far East Hospitality Trust's NPI climbs 6% to $25.
Source: Real Estate Daily Report (realestatedailyreport.net)
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