Maybank Kim Eng stays positive on S-Reits in 'conservation mode'
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MAYBANK Kim Eng (Maybank KE) has maintained its positive outlook on Singapore real estate investment trusts (S-Reits) that are now focusing on capital retention, with a sector bias towards industrial Reits and US office S-Reits.
"Slower leasing amidst uncertain (macroeconomics) should challenge near-term occupancies and rents, but cash-flow visibility remains strong, especially for industrial Reits, backed by rising overseas contributions and offices, with low expiring leases and positive reversions into 2020," wrote Maybank KE analyst Chua Su Tye in a research note on Tuesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
