The analysts say that the REIT’s operational metrics continue to look healthy, albeit a modest decline from a high base in 3QFY2023.
DBS Group Research has lowered its target price for Acrophyte Hospitality Trust (ACPH) formerly known as ARA US Hospitality Trust (SGX:XZL
) to 25 US cents (33.44 cents) from 40 US cents previously, after revising down their near-term recovery outlook for the REIT.
Analysts Tabitha Foo, Derek Tan and Geraldine Wong maintain their “buy” call, and note that the REIT is the “best poised” among the Singapore REITs to ride on US travel demand supported by strong consumer spending.
