Far East Reit: Cheapskate

In Property, Reits on 24/07/2012 at 7:50 am

Far East Reit which owns hotels and serviced residences in Singapore, is being marketed at a yield of 6-6.5% Compares unfavourably about 7.9% offered for Ascendas Hospitality Trust (at issue price: expect it to fall to 6ish level when trading starts i.e. price moves up) and 6% for CDL Hospitality Trust

Bet you the yield will have to be improved (giving room for some capital gains) for the institutions.

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