Brokers' take
Singapore Reits | Neutral
OCBC Investment Research, May 19
During the recently concluded Q1 2016 earnings season, all 22 S-Reits under our coverage posted results which met our expectations. However, reported distribution per unit (DPU) was largely subdued, a clear reflection of the challenging operating environment. This was partly bogged down by Reits which carried out rights issue exercises, namely OUE Hospitality Trust and OUE Commercial Reit. Even if we exclude the performance of these two Reits, DPU growth for our remaining co…
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