Industrial Reits offer best shelter in downcycle: Maybank KE
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Singapore
RESEARCH house Maybank Kim Eng is advocating that Singapore real estate investment trust (S-Reit) investors hide in industrial Reits to ride out the downcycle, for two reasons.
One, the oversupply situation is least overwhelming in the industrial sector; and two, industrial Reits here have priced in the most downside, with Ascendas Reit and Mapletree Industrial Trust (MIT) trading slightly below their target yields, noted analysts Joshua Tan and Derrick Heng. These two Reits are also their recommended picks.
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