HOSPITALITY focused Singapore-listed real estate investment trusts (S-Reits) have had a good run in the last year, outperforming S-Reits from other sub-sectors such as retail and healthcare.
The five hospitality trusts listed on the Singapore Exchange (SGX) recorded, on average, 21 per cent year-on-year growth in their distribution per unit (DPU) for FY2023.
For example, ARA US Hospitality Trust declared a distribution per stapled security (DPS) of 3.43 US cents for FY2023, up 12.3 per cent from FY2022. Similarly, CapitaLand Ascott Trust increased its FY2023 DPS by 16 per cent year-on-year to 6.57 Singapore cents.
Comparatively, more than three-quarters of the trusts that disclosed their distribution…
