Reit-owned malls more likely to forgo higher rents for right tenant mix

[SINGAPORE] For Singapore-listed real estate investment trusts (S-Reits), rent increases are tempered by longer lease terms, a need to curate tenant mixes to drive foot traffic, and a focus on keeping their tenants’ businesses viable.

These considerations set them apart from private commercial landlords, who may act more freely in setting rents, said analysts.

Their comments come amid mounting concerns over surging retail rents.