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

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    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