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S-Reits rebound after Fed holds rates for now

Analysts see only short-term boost, notes risk to sector's earnings and topline growth

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Published Fri, Sep 18, 2015 · 09:50 PM
    Relief

    Singapore

    AS has been the case each time an anticipated rate increase turned out to be another false alarm, real estate investment trusts (Reits) enjoyed some boost after the US Federal Reserve kept interest rates unchanged.

    The FTSE ST Reits Index rose as much as 2.5 per cent in the morning, before ending at 694.15, up 0.5 per cent. This outdid the Straits Times Index, which fell 0.6 per cent to 2,879.59.

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