They also highlight that ARA H-Trust actively manages its portfolio through the divestment of underperforming assets and redeployment of capital into acquisitions with strong underlying market fundamentals.
DBS Group Research analysts Tabitha Foo, Derek Tan and Geraldine Wong have kept “buy” on ARA US Hospitality Trust (SGX:XZL
) (ARA H-Trust) with a lower target price of 40 US cents from 45 US cents previously following the trust’s 2HFY2023 ended December results announcement.
Although ARA H-Trust’s 2HFY2023 DPU of 1.929 US cents missed DBS’s estimates, operational performance and margins improved, the analysts note.
