Embattled S-Reits headed for slow recovery next year
OCBC sees continued price volatility; RHB expects hospitality Reits to recover only in H2
Singapore
THE hospitality, office and retail sector real estate investment trusts (Reits) are expected to recover next year, analysts said, given positive developments on the vaccine front.
But the fine print says this recovery will not be smooth.
Volatility in the share prices of retail and hospitality Reits is anticipated, said OCBC in a Nov 27 report.
A manufacturing bottleneck for vaccines and the logistical challenges of administering them to enough people to achieve population immunity are likely challenges that could prolong the recovery for Singapore Reits (S-Reits), OCBC added.
RHB Group Research expects the recovery of hospitality Reits to come only in the second half of next year.
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OCBC, on its part, said a return to pre-Covid levels of revenue per available room/unit may happen only in 2022 or …
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