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The post-Covid run in hospitality Reits may look tired but don’t discount it getting a second wind

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Navene Elangovan

Navene Elangovan

Published Thu, Mar 21, 2024 · 05:00 AM
    • While Chinese visitors have yet to return to Singapore’s shores at levels seen before the pandemic, conditions are in place for their return now that a mutual visa-free travel arrangement with China has kicked in.
    • While Chinese visitors have yet to return to Singapore’s shores at levels seen before the pandemic, conditions are in place for their return now that a mutual visa-free travel arrangement with China has kicked in. PHOTO: AFP

    IT HAS been tough times for Singapore-listed real estate investment trusts (S-Reits), as high interest rates continue to weigh on distributions and investor sentiment remains dour amid the macroeconomic uncertainty.

    While more than three-quarters of the trusts that disclosed distribution-per-unit (DPU) figures in their latest earnings reports posted year-on-year declines, the hospitality-focused Reits have bucked the downtrend.

    The five hospitality trusts listed on the Singapore Exchange (SGX) posted an average growth of 21 per cent in DPU for FY2023.

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