S-Reits

Core DPU rises 4.5% year on year to S$0.1125 and accounts for about 98% of total DPU

Committed portfolio occupancy is 98.1% as at Jun 30

Net property income grows 10.8% on the year to S$37.2 million for the half year

Singapore-listed Reits are expected to post low-to-mid single-digit year-on-year growth in DPU

They believe sector is at cyclical bottom; CICT, Keppel DC, MPACT, Clar, Aims Apac, FCT among top picks 

The upcoming results season will likely drive further rerating, says the research house

It is being sold to entity linked to Han Chee Juan’s Jack Investment, which owns Leisure Park Kallang

Despite pivoting to profitability and laying out growth plans, its shares have slumped 42.6% below their IPO price

Its on-balance sheet hospitality assets are expected reduce to S$2.5 billion following the portfolio optimisation