Far East Hospitality Trust (Q5T) said gross revenue for the three months ended Mar, 31 2026 rose 11.3 percent year on year to 28.1 million Singapore dollars, driven by higher contributions across its hotel, serviced-residence and commercial segments, including the addition of Four Points by Sheraton Nagoya.

Net property income increased 3.4 percent to 23.8 million Singapore dollars, while income available for distribution expanded 12.2 percent to 17.9 million Singapore dollars, supported by lower finance expenses.

Singapore hotels recorded an average occupancy rate of 84.2 percent, up 5.2 percentage points, lifting revenue per available room to 139 Singapore dollars despite a 3.9 percent decline in average daily rate to 165 Singapore dollars. The newly acquired Japan asset, Four Points by Sheraton Nagoya, posted a 10.8 percent year-on-year increase in revenue per available room to ¥8,010 and a 26.6 percent rise in gross operating profit.

In the serviced-residence portfolio, average occupancy improved to 76.3 percent, helping revenue per available unit rise 3.8 percent to 214 Singapore dollars.

As at Mar, 31 2026, the trust’s total debt stood at 787.3 million Singapore dollars, translating to an aggregate leverage of 33.4 percent. The average cost of debt declined to 2.3 percent from 3.5 percent a year earlier, with 55.7 percent of borrowings on fixed rates and a weighted average debt maturity of 3.3 years. The interest-coverage ratio was 4.0 times.

Management cited continued recovery in Singapore visitor arrivals, which reached 4.4 million in 1Q26, or 94 percent of the first-quarter 2019 level, as well as inbound MICE and leisure events, as supportive factors for future performance.