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Better year expected for S-Reits as data centre, hospitality players top volatile 2023

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Raphael Lim

Raphael Lim

Published Tue, Jan 9, 2024 · 05:00 AM
    • The peaking of interest rates could be positive for S-Reits in 2024.
    • The peaking of interest rates could be positive for S-Reits in 2024. PHOTO: BT FILE

    MARKET watchers are expecting fortunes to turn for Singapore-listed real estate investment trusts (S-Reits) in 2024, as interest rate fears abate amid signs of stabilising inflation.

    This comes after S-Reits faced volatile trading in 2023, with the yield-sensitive instrument heavily affected by changes in interest rate expectations through the year.

    “We think the biggest catalyst for S-Reits this year is definitely a pivot in the interest rates. This will take off some pressure faced by S-Reits refinancing their debt in 2024,” said Morningstar analyst Xavier Lee.

    S-ReitsSpotlight

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