F&N

F&N: Analysts are positive on a potential hospitality REIT by F&N, noting that creating a hospitality Reit makes sense for F&N, which already has listed trust structures for retail and commercial and office properties through Frasers Centrepoint Trust and Frasers Commercial Trust. If the Reit is created, F&N would probably inject its serviced apartments portfolio into the vehicle, which are located in Singapore, Australia, London, Scotland, China, Indonesia and the Philippines.TCC also has the Intercontinental Hotel, and other hotel assets. It also gives a positive sign that F&N is also actively looking to integrate F&N into its existing stable of businesses. But listing a Reit at the moment could be delicate, with the expectations of rising interest rates depressing Reit valuations. If you can package a pan-Asia Reit with more diversified profile and higher yields, that might appeal to the investor.