Brokers' take

Singapore Hospitality Reits > Overweight OCBC Investment Research, Feb 7

SINCE CDL Hospitality Trusts, Ascott Residence Trust and OUE Hospitality Trust posted their FY2018 results, the real estate investment trusts (Reits) have posted total returns of 5.7 per cent, 2.6 per cent, and 6.5 per cent respectively.

Far East Hospitality Trust, which has yet to report its earnings, has also posted total returns of 4 per cent over the same period.

We highlight three catalysts for the strength of the rally: 1) Favourable operational outlooks by the three Reits on rev…