The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

    As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More