Tighter Covid-19 curbs could hit retail, office Reits again

Some analysts expect interest to shift to industrial Reits; others say although Reits have underperformed year to date, they may see rotational interest in the immediate term

Published Wed, May 5, 2021 · 05:50 AM

Reits

Singapore

WITH tighter curbs on gathering sizes, employee caps in the workplaces as well as smaller allowable event sizes, in response to the recent spike in Covid-19 cases, analysts believe that downtown retail Reits and office Reits could be affected once again in the near term.

RHB analyst Vijay Natarajan expects interest to rotate to industrial Reits, as landlords of downtown malls as well as retail areas in office districts face lower footfall from…