SGX:XZLHotel and Resort REITs
Acrophyte Hospitality Trust (SGX:XZL) Stock Yield Appeal Meets Cash Flow Strain
The market gave Acrophyte Hospitality Trust a cool reception, with the stock drifting over the past week. However, the fresh half year numbers tell a more complicated story. The headline is simple for investors: this is still an income vehicle with a 3.86% trailing yield, sitting on a P/S of 0.8x that is well below Asian hotel and resort real estate peers, but it remains loss making over the last twelve months.
For anyone holding Acrophyte Hospitality Trust for steady distributions, the weak...