The drama surrounding Eagle Hospitality Trust (SGX:LIW) continues to intensify.
Shareholders of EHT have been stuck for months now because they cannot sell the stock (due to the trading suspension) and they are not going to receive any dividends. For anyone who relies heavily on REITs and/or Business Trust to fund your passive income / retirement cashflow, let this be a warning tale of a REIT investment gone wrong. *While there are inherent differences between a REIT and a Business Trust, I'll use the terms interchangeably in this article for simplicity reasons.
(Or will there be a turning point? That will depend on whether EHT and its Sponsor, can work together to save the failing business.)
I designed this image below to sum up my thoughts on this entire saga:
Background:
When EHT first IPO-ed in Singapore last year, it looked like a promising investment with its portfolio of 17 freehold hotels and 1 leasehold ship located across the US,...