Far East Hospitality Trust 2020 AR2
The report highlights Far East Hospitality Trust's performance and sustainability efforts for the fiscal year 2020. Despite the severe impact of the COVID-19 pandemic on the hospitality sector, the company recorded a gross revenue of S$83.3 million and a net property income of S$72.2 million, cushioned by the fixed rent component of its master leases. The company secured its first sustainability-linked term loan of S$125 million for refinancing. On the ESG front, the company reduced its average energy consumption by 5.1% year-on-year, exceeding its 2% reduction target, and maintained zero workplace fatalities.
Company: Far East Hospitality Trust
Sector: Real estate
Country: Singapore
Year: 2020
Type: AR2
Pages: 208
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Far East Hospitality Trust
Annual Report
The report highlights Far East Hospitality Trust's performance and sustainability efforts for the fiscal year 2020. Despite the severe impact of the COVID-19 pandemic on the hospitality sector, the company recorded a gross revenue of S$83.3 million and a net property income of S$72.2 million, cushioned by the fixed rent component of its master leases. The company secured its first sustainability-linked term loan of S$125 million for refinancing. On the ESG front, the company reduced its average energy consumption by 5.1% year-on-year, exceeding its 2% reduction target, and maintained zero workplace fatalities.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Women on Board
Workplace Fatalities
Employees