---
title: S-REITs - Week 7 - 2024
description: Stay updated on the latest in US REITs with the REITsavvy Team's weekly recap. Dive into earnings releases from Far East Hospitality Trust and Keppel Pacific Oak US REIT, including surprising announcements and market impacts.
---

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# [S-REITs - Week 7 - 2024](https://reitsavvy.com/insights/s-reits-week07-2024)

 Written by [REITsavvy Team](https://reitsavvy.com/insights/author/reitsavvy-team) | Feb 18, 2024 2:00:00 AM

It's been another tumultuous week for investors in US REITs. Keppel Pacific Oak US REIT's decision to suspend dividend distributions sent shockwaves through the market, resulting in a rollercoaster ride for US-related REITs in Singapore.

Lets have a quick dive into this week REITs Earnings Release by Far East Hospitality Trust, Keppel Pacific Oak US REIT

**S-REITs Recap - Week 07**

**12 Feb - 18 Feb 2024**

| **FAR EAST HOSPITALITY TRUST** |
| --- |
| **( YTD: -2.26% )** |
| FAR EAST HOSPITALITY TRUST SEES A 27.3% INCREASE IN INCOME AVAILABLE FOR DISTRIBUTION FOR THE FY 2023 - Gross revenue increases 27.8% year-on-year (“YoY”) as all segments of the portfolio continue their strong post-pandemic recovery - RevPAR of Hotels and RevPAU of Serviced Residences increase 47.8% and 17.0% respectively YoY - Distribution per Stapled Security (“DPS”) records 25.1% YoY growth to reach 4.09 cents, surpassing pre-pandemic DPS of FY 2019. For further information, please click [here](https://feht.listedcompany.com/newsroom/2H_2023_Results_Press_Release.pdf) |

| **KEPPEL PACIFIC OAK US REIT** |
| --- |
| **( YTD: -60.53% )** |
| Surprising Announcement! - **Keppel Pacific Oak US REIT (KORE) achieved higher Net Property Income (NPI) of 2.2% for FY 2023** - **In addition, they announces Recapitalisation Plan** - **Suspension of Distributions** For further information, please click [here](https://wpcms.kepcorp.com/wm/cms-site/kcl/file/media/media-releases-sgx/2024/02-feb/15-feb-kore-fy-2023/kore-recapitalisation-plan-2h2023-financial-highlights.pdf) |

| **REITracker Highlights** |  |
| --- | --- |
| **REIT Name** | **Status** |
| Keppel Pacific Oak US REIT | Halt Dividend since 14 Feb 2024 |
| Manulife US REIT | Halt Dividend since 14 Aug 2023 |
| EC World REIT | Halt Trading since 31 March 2023 |
| Eagle Hospitality Trust | Halt Trading since 24 March 2020 |

| **Exclusive REITsavvy Newsletter** |
| --- |

 

[View full post](https://reitsavvy.com/insights/s-reits-week07-2024)

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