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All eyes on asset valuations, capital management strategies as S-Reits gear up for FY results

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Jude Chan

Jude Chan

Published Wed, Jan 18, 2023 · 10:50 AM
    • Hospitality S-Reits such as CapitaLand Ascott Trust are expected to ride on the tailwinds of the return of Chinese tourists.
    • Hospitality S-Reits such as CapitaLand Ascott Trust are expected to ride on the tailwinds of the return of Chinese tourists. PHOTO: ASCOTT ORCHARD

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    THERE is an air of expectancy as the Singapore-listed real estate investment trusts (S-Reits) start to release their financial results for the period ending December 2022 from this week.

    On one hand, China’s reopening has sparked hopes of a Reit revival. The country’s lifting of Covid-19 curbs is expected to be a welcome shot in the arm for the sector, after a dismal 2022 that saw one of the worst sell-offs in the 20-year history of S-Reits.

    However, the uncertainty of higher-for-longer interest rates will keep investor attention firmly fixed on how the Reit managers wrestle with challenges on the capital management front.

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