“Looking ahead, we have tempered our expectations for the hospitality sector, and now expect more muted DPU growth from hospitality REITs under our coverage,” says OCBC analyst Andy Wong Teck Ching in a Tuesday report.
SINGAPORE (Sept 5): OCBC Investment Research says the Singapore REIT sector remains a good defensive shelter for investors amid macroeconomic uncertainties.
For the S-REITs under its coverage universe, OCBC is projecting stable DPU growth of 1.7% for FY18/19 and 1.6% for FY19/20.
