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

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.