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
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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.
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