S-REIT sector kept at 'overweight' as earnings come within expectations: UOB

SINGAPORE (May 2): UOB Kay Hian is keeping “overweight” on Singapore REITs (S-REITs) post the announcement of Mapletree Logistics Trust (MLT) and Frasers Hospitality Trust’s (FHT) latest set of quarterly results, which the research house continues to rate “hold” and “buy” at target prices of $1.41 and 90 cents, respectively.

In a report last Friday, lead analyst Vikrant Pandey says both REIT’s results came in line with expectations, with MLT and FHT’s respective 4Q and 2Q distributions making up 100.1% and 47.6% of full- and half-year estimates.