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DBS remains positive on hospitality S-REITs as RevPAR-led recovery in DPUs to outweigh higher interest cost worries

Felicia Tan
Felicia Tan4/15/2022 02:51 PM GMT+08  • 2 min read
DBS remains positive on hospitality S-REITs as RevPAR-led recovery in DPUs to outweigh higher interest cost worries
Changi Airport. Photo: Bloomberg
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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.

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.

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