0751 GMT - CDL Hospitality Trusts' valuation remains attractive at a price-to-book ratio of 0.6X, DBS Group Research analysts write. The REIT's gearing ratio of 38.8% and interest coverage ratio of 2.55X continues to be healthy, the analysts say. CDL Hospitality Trusts has one of the lowest fixed-rate hedge ratios of around 40%, they add. DBS notes that the REIT is one of the key beneficiaries of a dovish interest rate environment. The bank maintains its buy rating on the REIT, with a target price of S$1.20. Units are last at S$0.93. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
October 29, 2024 03:51 ET (07:51 GMT)
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