Dear readers, Eagle Hospitality Trust stock price slid 15.5% on Friday 25 October 2019 amidst the ongoing developments in regard to its lease of Queen Mary, a key asset in California.
Eagle Hospitality Trust is a fairly recent trust listed on the SGX in May 2019 and since listing, its share price has gone down generally, but the extent of its fall last week was unprecedented.
The episode of Eagle Hospitality Trust reminds investors once again not to chase after investing in Reits or Business Trusts which supposedly offer a high dividend yields for incomes as the Reits or Trusts could still be subject to capital fluctuations, since Reits and Trusts are ultimately businesses afterall. I am not sure whether Eagle Hospitality Trust will end up like HPH US Trust which is now trading at a mere fraction of its IPO price.
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