Brokers' Take

Singapore Reits > Equal weight

Phillip Securities Research, Oct 14

US and Singapore Reits outperformed their respective benchmark indices in the last rate-hike cycle. Hong Kong and US Reits have outperformed from post-global financial crisis in 2010 until the present.

Despite the lower gross forward dividend yields for US and Australian Reits, yield spreads versus their respective 10-year government bond yields appear to be more "attractively priced" with the Australian and US yield spreads trading at more than one standard deviation f…