Frasers Hospitality Trust – Exposure to Australia and Singapore’s hospitality sectors

Hospitality S-REIT with predominantly Australia and Singapore assets

Frasers Hospitality Trust, or FHT, is a hospitality trust with a portfolio of 14 quality assets located in Singapore (2), Australia (3), the UK (6), Japan (1), Malaysia (1), and Germany (1). The hospitality trust’s portfolio was valued at S$1.98 billion as of 30 September 2024.  As of fiscal 2024 (FY2024) ending 30 September 2024, Australia and Singapore contributed 35% and 25% to the trust’s gross revenue of S$132.5 million.  However, Singapore came in first for net property income (NPI) contribution at 28% with Australia a close second at 25%. Hence, our analysis will focus on these two geographic regions which constitute more than half of gross revenue and NPI. Source: FHT’s FY2020 to FY2024 Press Releases

Distributions remain pre-pandemic levels

While revenue and NPI have recovered meaningfully since FY2022 as global tourism rebounded, distribution per stapled security (DPSS) remains well…