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Data centres the standout performers among S-Reits in Q3; analysts have mixed views on the sector overall for Q4

Singapore-listed Reits report healthy operational performance, even as they face pressure from higher interest rates

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Navene Elangovan

Navene Elangovan

Published Thu, Nov 21, 2024 · 05:00 AM
    • S-Reits are expected to recover more substantially next year in light of lower interest rates.
    • S-Reits are expected to recover more substantially next year in light of lower interest rates. PHOTO: KEZIA KOO, BT

    DATA centres turned out to be the surprise package in what was otherwise an expected financial performance posted by Singapore-listed real estate investment trusts, or S-Reits, in the third quarter ended September.

    Data centre assets posted “exceptionally strong” rental reversion figures, said RHB analyst Vijay Natarajan.

    In particular, he pointed out the example of Keppel DC Reit , which renewed a major contract with a positive rental reversion of more than 40 per cent.

    S-ReitsFinancial results

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