atans1

Far East Reit refuses to increase yield

In Property, Reits, Uncategorized on 06/08/2012 at 6:30 am

Here I prophesised that Far East Reit would be forced to increase the expected yield on its trust from a niggardly 6-6.5%.

Well Morocco Mole (sidekick to Secret Squirrel) tells me that the Reit, which owns hotels and serviced residences in Singapore has not changed its pricing, despite CDL’s yield of 6ish% and Ascendas Hos of almost 8%.

So don’t subscribe if you are hoping for a pop in the price on listing day. CDL looks a better yield play. Got public track record.

Related post: http://atans1.wordpress.com/2012/07/30/ascendas-hospitality-trust-surprises/

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