S-Reits’ results to test reopening, recovery narrative as risks loom
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MOST of the Singapore-listed real estate investment trusts (S-Reits) are scheduled to announce their latest quarterly results for the period ended Jun 30 over the next couple of weeks.
The S-Reits’ performance over the first half of the year – particularly in the latest quarter to June – will test the strength of the sector’s recovery from the Covid-19 pandemic.
For now, the market narrative could not be more positive: The reopening of borders and global economies bode well for real estate investment trusts (Reits), especially those in the hospitality sector. And indeed, the “smart money” appears to be flowing in.
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