Stable earnings seen for retail Reits despite F&B woes
Singapore
WHILE any business slowdown for food & beverage (F&B) players could potentially dampen rental reversions for Singapore's retail real estate investment trusts (Reits), it is unlikely to dent the earnings for these S-Reits.
With F&B firms facing an increase in operating costs from higher wages, coupled with headwinds such as a tight labour market and intense competition, this could have a knock-on effect on Singapore's retail Reits, which derive roughly 30-35 per cent of gross rental income from F&B tenants.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027