Brokers' take
Singapore Reits | Overweight
OCBC Investment Research, Dec 7
Looking back at the financial performance of the S-Reits sector year to date, we see a common trend of a moderation in DPU growth, with some Reits even recording negative growth for 9MCY16. The key factors driving the softer performance can be attributed to slowing rental reversions, higher operating costs and dilution arising from equity fund raising exercises and issuance of units as payment for management fees.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder