Hospitality trusts lag other Reits in latest earnings season
Volatility in earnings partly due to way revenue is calculated; hotels also not having an easy time
Singapore
HOSPITALITY real estate investment trusts did the worst among Singapore Reits in the latest earnings season, analysts interviewed by The Business Times unanimously agreed.
The volatility in their earnings is partly because of the way their revenue is calculated, with a variable rent component that depends very much on the hotel's performance. And hotels are not having an easy time, domestically or internationally, with occupancies and room rates falling as people travel less.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%
Universal Music Group reaches new licensing agreement with TikTok
Sumitomo to bolster shareholder returns in new mid-term plan
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
ST Engineering bags more than S$175 million in contracts to upgrade Singapore’s public bus fleet
ING unveils 2.5 billion euros buyback as profit beats estimates