ARA US Hospitality Trust (ARAHT) is a Singapore-listed stapled security which comprises ARA US Hospitality Property Trust (ARA H-REIT) and ARA US Hospitality Management Trust (ARA H-BT). It was listed on SGX on 9 May 2019, just merely a year ago. Due to current COVID situation, hospitality sector take a great hit. Its share price has dropped from high of US$ 0.895 to current price, which its market cap is dropped to US$ 0.23 billions.

At this moment, there is no standardized way for SREITs to present REVPAU value, some would include master lease and some don't. I've tried using the general formula of Revenue/Total Rooms, but not able to get close to value presented most of the time. WALE for master lease of 4.75 years is short as compared to other hospitality SREITS. Majority of it's properties is freehold.