A confluent of macroeconomic factors will likely result in tepid performance for Singapore-listed hospitality REITs in the coming quarters.
Equity research firms monitoring these REITs have downgraded several counters across this sector, and warned investors that RevPAR will likely remain soft in 2Q 2019, and beyond.
These warnings have come in the wake of results less-than-stellar 2Q results by several Singapore-listed hospitality REIT, including Frasers Hospitality Trust, which saw its DPU falling by 11.5% year-on-year in 2Q 2019.
Related: Concerns over room supply in Australia damper outlook on Frasers Hospitality Trust
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