Six out of 13 S-Reits miss Citi's Q2 forecasts
Sequential improvements in distributions marred by deeper concerns, say analysts
Singapore
"GOOD news was in relative short supply" for the second quarter in the S-Reits universe, Citi analysts said in a report following the closure of the latest earnings reporting season.
The number of "misses" by S-Reits against forecasts remained elevated at close to half - six out of 13 - of Citi's S-Reits coverage for the fourth straight quarter, with only one Reit - Mapletree Industrial Trust (MIT) - beating the analysts' forecast. The other six were in line with expectations. Behind the misses was operational weakness that weighed down the top-line, said Citi's Friday report.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Binance founder Zhao Changpeng gets four months in prison
Apple set for big sales decline as investors await AI in iPhones
Microsoft, Brookfield to partner on renewable energy projects
UK house prices fall again after mortgage rates creep higher
Why the yen is so weak and what that means for Japan
UAE's top bank FAB beats Q1 profit estimates