S-Reits

BROKERS’ TAKE

‘Steepest discount’: Analysts bullish on office picks after S-Reits’ best run since 2019

Office S-Reits are undervalued, trading at the steepest discount to book value among this asset class

Keppel Reit's purchase of a one-third stake in MBFC Tower 3 will dilute both its distribution per unit and net asset value.
BROKERS’ TAKE

RHB ‘slightly negative’ on Keppel Reit’s MBFC deal, advises switch to Suntec Reit

Meanwhile, DBS Group Research says office S-Reits offer ‘brightest prospect’ in 2026

The 10 S-Reits which attracted the largest net retail inflows in the year to date include Mapletree Industrial Trust and Mapletree Logistics Trust.
REIT WATCH

10 S-Reits garner over S$1 billion in total retail net inflows in 2025

Including dividends, total returns for the STI and S-Reits reached 26.7% and 14.4%, respectively

Citing research from property consulting firms, Keppel Reit’s manager says average vacancy rates at Grade-A office properties in the CBD fell to 5.1% in Q3 2025, from 6.6% in Q3 2024.
MARK TO MARKET

Keppel Reit’s dilutive purchase of MBFC Tower 3 a gamble on the sensibilities of S-Reit investors

A quick rebound from its sell-off last week might suggest investors are prepared to stomach some DPU dilution for the right deal at the right time

Manulife US Reit's portfolio includes Centerpointe, a two-tower office building in Fairfax County, Virginia.

Can Manulife US Reit recover? Unitholders seek answers ahead of EGM

The real estate investment trust’s manager answers pointed questions from unitholders

Highly leveraged Reits like Keppel Reit are expected to benefit from the ongoing interest rate pivot, says Morningstar.
BROKERS’ TAKE

Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside

They name a few buy-rated stocks, and expect core CBD rents to rise

S-Reits' unit prices have rebounded this year, but some analysts note that their performance lags that of the broader Singapore market.
REIT WATCH

S-Reits set for best year since 2019 with 14.7% total returns in the year to date

Of the 33 iEdge S-Reit Index constituents, 29 posted positive total returns in the year to date

Grade A office rents in Singapore rose 2.1% on the year, supporting office S-Reits' stronger performance in Q3.
REIT WATCH

Positive momentum for office S-Reits as vacancy rates ease and rents climb

CICT, Suntec Reit and Keppel Reit among those that have benefited