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Far East Hospitality Trust ( (SG:Q5T) ) has provided an update.
Far East Hospitality Trust has announced that its trustee, DBS Trustee Limited, has secured a S$101.4 million sustainability-linked facility agreement with an institutional bank. This agreement includes conditions related to shareholding interests and management changes, with potential implications for cross-defaults on other borrowings amounting to approximately S$747.1 million. As of the announcement date, there have been no breaches of these conditions.
The most recent analyst rating on (SG:Q5T) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Far East Hospitality Trust stock, see the SG:Q5T Stock Forecast page.
More about Far East Hospitality Trust
Far East Hospitality Trust is a hospitality stapled group consisting of Far East Hospitality Real Estate Investment Trust and Far East Hospitality Business Trust. The company operates within the real estate investment sector in Singapore, focusing on hospitality assets.
Average Trading Volume: 904,739
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$1.24B
For a thorough assessment of Q5T stock, go to TipRanks’ Stock Analysis page.