Maybank Kim Eng stays positive on S-Reits, favours industrial Reits

Singapore

MAYBANK Kim Eng remains positive on the outlook of Singapore real estate investment trusts (S-Reits) despite unit prices falling by around 24 per cent since February while the broad market trades at decade lows.

As a whole, S-Reits are trading at valuations above their historical averages and their yields compressed, with some of the best performing property trusts seeing re-ratings due to accretive acquisitions and inclusion into sector indices.