Retail in the doldrums even as S-Reits see recovery in rental reversions
Amid geopolitical tensions, a third of the 44 S-Reits - including 6 of the top 15 by market cap - are trading within 5% of their 52-week lows
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
DISRUPTIONS due to Covid-19 are starting to fade into the rearview mirror for Singapore-listed real estate investment trusts (S-Reits) and business trusts, with more optimism washing over the sector.
For the period ended Dec 31, 2021, S-Reits mostly reported positive rental reversions. While not all the S-Reits disclosed their rental reversion figures, about 7 in 10 of those that did pointed to improvements in leasing activity.
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
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB ’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
