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
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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.
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