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S'pore Reit managers advised to consider buying back units

Some Reits are trading at 20-30% below book values: Religare Institutional Research

Kmart Distribution Centre at Eastern Creek, the largest asset in the A$1.1 billion portfolio of 26 logistics assets Ascendas Reit acquired in 2015. Religare believes a Reit's cash is now better used to buy back own units than to buy physical real estate.


THE time has come for real estate investment trust (Reit) managers here to seriously consider buying back some of their issued shares given the sector's depressed valuations, Religare Institutional Research suggested in its recent initiation report on Singapore Reits.