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Hospitality SREITs earnings to stabilise on improved market conditions and new assets, says Fitch

Broker's Calls

Hospitality SREITs earnings to stabilise on improved market conditions and new assets, says Fitch

Zavier Ong Published on Fri, Jun 24, 2016 / 9:39 AM GMT+8

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SINGAPORE (June 24): Earnings of Hospitality SREITs are expected to stabilise in 2016 due to higher visitor arrivals and income from new assets, according to Fitch Ratings in a Tuesday report.

Tourist arrivals increased 14% y-o-y in 4M16 on the back of a resurgence in arrivals from China and Indonesia. If this trend persists, it could “offset the potential earnings pressure from an estimated 11% increase in the supply of hotel rooms in Singapore between 2016-2018, says Hasira De Silva, analyst for the report.

On the home front, the rating agency expects Ascott Residence Trust (ART) to outperform the sector in 2016 due to “substantial acquisitions and refurbishments” amounting to $380 million made in 2015. OUE Hospitality Trust (OUE H-Trust) and CDL Hospitality Trusts (CDLHT) which spent a combined $425 million in 2015, should also see an increase in earnings, says De Silva.

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Hospitality SREITs earnings to stabilise on improved market conditions and new assets, says Fitch

Broker's Calls

Hospitality SREITs earnings to stabilise on improved market conditions and new assets, says Fitch

Primary tabs

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Hospitality SREITs earnings to stabilise on improved market conditions and new assets, says Fitch

Broker's Calls

Hospitality SREITs earnings to stabilise on improved market conditions and new assets, says Fitch

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