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S-Reits' acquisition blitz set to hit S$10b in 2020 despite Covid-19

But not all buys boosting DPU, as some managers trade DPU accretion for diversification and income stability

Published Tue, Nov 10, 2020 · 09:50 PM

Singapore

SINGAPORE real estate investment trusts (S-Reits) are back in the buying game, spurred on by low interest rates, higher debt capacity under an enhanced gearing limit allowed by the central bank, and pent-up from the transaction slowdown in the first two quarters of this year.

Since July, S-Reits have announced S$7.3 billion in acquisitions, compared to about S$1.4 billion in the first half of the year.