In addition, the hospitality S-REIT sub-sector has seen one of its best days in the year on the back of positive news pertaining to Singapore’s re-opening.
DBS Group Research is continuing to remain “constructive” on the hospitality Singapore REITs (S-REITs) sub-sector for 2022.
“We believe that the prospects of a revenue per average room (RevPAR)-led recovery in distributions per unit or DPUs (+30% in FY2022) will likely outweigh worries about higher interest costs impacting the sector,” the team writes.
