CDL Hospitality Trusts‘ (SGX: J85) unit price has tumbled by around 19%, from S$1.66 on 20 January 2020 to S$1.35 at the time of writing.
Market sentiments surrounding this stapled group has certainly been affected ever since the COVID-19 outbreak.
However, does CDL Hospitality Trusts present an investment opportunity for long-term investors?
Let’s take a look using my 10-step guide to pick the best Singapore REITs.
As a summary, here are the 10 steps I use to pick the best Singapore REITs:
Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5% and 9% Gearing Ratio of Below 40% Interest Coverage Ratio of Above 5x Healthy Portfolio Occupancy Rate Positive Rental Reversions Presence of Growth Prospects Acceptable Price-to-Book Ratio Distribution Yield of Above 5% Business BackgroundCDL Hospitality Trusts is a stapled group with an asset value of S$2.85 billion, as
...