Brokers' take

Singapore Reits | Overweight UOB Kay Hian, March 7

WE expect a muted response to the upcoming rate hike. We view any share price weakness on rate hike concerns as an opportunity to accumulate at attractive levels. The longer debt maturities and a higher proportion of fixed rate debts will further mitigate the impact. We prefer deep value and diversified Reits, with exposure to the industrial business park and hospitality spaces.

Ascendas Reit, Frasers Logistics & Industrial Trust, CapitaLand Commercial Trust and Frasers Hospitality Trust are our top picks. Maintain "overweight".