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COMMERCIAL PROPERTY, HOTELS & TOURISM | , Singapore
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Hospitality REITs' forward yields hit 5.9% to 6.8%

Which amongst them are the most attractive?

OCBC Investment Research said some of the hospitality REITs have rallied impressive year-to-date performance, with yields hovering between 5.9% to 6.8%.

In a report, the firm cited different hoteliers who managed to record resilient yields in the first six months of the year.

OCBC Investment Research said CDL Hospitality Trusts (CDLHT) has jumped +22.1%, perhaps on the back of DPU growth expectations given its New Zealand asset.

Meanwhile, Far East Hospitality Trust (FEHT) has gained +13.3% YTD. However, OCBC Investment Research said the group is still facing headwinds.

OUE Hospitality Trust (OUEHT) has moved up +7.9% YTD while Ascott Residence Trust (ART) has increased +6.1%.

"Given OUEHT’s higher yield coupled with strong growth catalysts going forward, we see the counter as an attractive laggard play within the hospitality space," the brokerage firm said, noting that OUEHT is their top pick amongst the hoteliers.
 

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