Maybank Kim Eng stays positive on S-Reits, favours industrial Reits
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
