Market Overview - The Singapore REITs market is at a pivotal point after two years of high borrowing costs and low valuations, with projected interest rate cuts in 2026 leading to improved investor sentiment [1] - Current valuations are attractive, trading below historical price-to-book averages, while cooling inflation is easing cost-of-debt pressures [1] Keppel REIT - Keppel REIT shows strong performance with a net property income growth of 11.8% year-on-year for 1H2025, driven by Australian assets and leasing demand [3] - Distribution per unit (DPU) declined by 2.9% due to a strategic shift in fee structure, but this is expected to benefit unitholders long-term by reducing future dilution [4] - The portfolio occupancy rate is stable at 95.9%, with a rental reversion of 12.3%, indicating strong demand for Grade-A office spaces [4][5] Mapletree Pan-Asia Commercial Trust (MPACT) - MPACT offers a mix of resilient Singaporean assets and offshore exposure, well-positioned as interest rates stabilize [6] - DPU increased by 1.5% year-on-year for 2QFY26, supported by strong performance from key properties like VivoCity and Festival Walk [7] - The divestment of Mapletree Anson for S$775 million improved the trust's balance sheet, reducing gearing from 40.5% to 37.6% and enhancing interest coverage to 3.0 times [8] CapitaLand Ascott Trust (CLAS) - CLAS has a diversified portfolio of over 100 properties across more than 45 cities, reporting a higher occupancy rate of 83% and a near 3% increase in RevPAR for 3Q2025 [11] - DPU saw a slight decline of 1% to S$0.0253, but the trust maintains a healthy gearing of 39.3% and an interest cover of 3.1 times [12] - CLAS is close to its 52-week high at S$0.93, offering a yield of 6.5% and is slightly undervalued at 0.82 times its book value [12] Frasers Centrepoint Trust (FCT) - FCT is noted for its defensive suburban retail property portfolio, reporting gross revenue of S$205.2 million and net property income of S$144.3 million for 2HFY2025 [14] - DPU increased by 0.6% year-on-year, supported by healthy foot traffic and favorable rental reversions [15] - The trust has a high aggregate portfolio occupancy of 98.1% and a leverage of approximately 39.6%, indicating strong financial stability [16] Investment Strategy - The Singapore REITs sector offers a blend of defensive income, structural growth, and selective value, with a focus on asset quality and distribution sustainability [17][18] - The SGX is experiencing increased liquidity and supportive market conditions for yield-focused assets, making it an opportune time for investors [19]

Company Overview - Sotherly Hotels, Inc is a publicly traded real estate investment trust (REIT) that invests in and owns a diversified portfolio of hospitality properties throughout the United States [2] - The company holds interests in full-service and select-service hotels operating under major brand franchises, including Marriott, Hilton, Hyatt, and IHG [2] - Core business activities include acquisition, financing, management, and disposition of lodging assets, focusing on generating stable income through long-term lease and management agreements [2] Portfolio Strategy - Since its formation in early 2019, Sotherly Hotels has pursued a strategy of portfolio expansion and diversification by acquiring properties in key leisure and urban markets [3] Stock Performance - Sotherly Hotels' stock price increased by 0.5% on a recent trading day, reaching a high of $17.04 and last trading at $16.97 [5] - The trading volume was 19,943 shares, which is an increase of 257% from the average session volume of 5,594 shares [5] - The stock had previously closed at $16.88 [5] Price Metrics - The stock's 50-day moving average price is $16.96 and its 200-day moving average price is $14.75 [1]