The Business Times
business-time-50

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

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    Alibaba’s Qwen alone has overtaken Meta’s Llama to become the most downloaded open-source model family in history.

    When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry

    US Secretary of State Marco Rubio (far left) and Treasury Secretary Scott Bessent listening as President Donald Trump (centre) speaks to the media on the sidelines of a Nato summit in Ankara, July 8, 2026.

    A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process

    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