Maybank KE remains positive on S-Reits

Singapore

THE outlook for Singapore Reits (real estate investment trusts) remains positive, with third-quarter DPU (distribution per unit) skewed towards retail and industrial Reits, according to an industry note by Maybank Kim Eng.

The brokerage is maintaining its sector bias towards industrial and hospitality Reits, with its top picks including Ascendas Reit (A-Reit), Mapletree Industrial Trust (MIT), CDL Hospitality Trusts (CDLHT), Far East Hospitality Trust (Far East H-Trust) as well as Manulife US Reit.