Singapore REITs

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

Singapore has special regimes for Reits that encourage investment in real estate through “tax-efficient entities”.

Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore is benefiting

Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030

The overall positive S-Reit performance comes on the back of safe haven liquidity which continues to flow to Singapore.
BROKERS’ TAKE

UOBKH says buy these 5 blue-chip Reits, predicts S-Reits poised for upturn

Brokerage also favours Lendlease, CLAR and CLAS, citing safe haven liquidity inflow into Singapore, lower cost of debt

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

The Mandai Rainforest Resort marks the Banyan Group's 100th property. Its largest market is China, where its portfolio has grown to 34 hotels across five brands.
INSIDE INSIGHTS

Institutions net sellers of Singapore stocks, reversing previous week’s net inflow

[SINGAPORE] Over the five trading sessions from Nov 14 to 20, institutions were net sellers of Singapore stocks, with net institutional outflow of S$131 million. This partially reversed the previous w...

 NTT DC Reit's Singapore data centre is one of six in its portfolio. The Reit's H1 DPU is 3.3% higher than the forecast based on contributions from the six data centres.

NTT DC Reit posts H1 DPU of US$0.0169, seeks growth in Tier 1 data centre markets

It is eyeing opportunities that will reduce tenant concentration, while diversifying its portfolio geographically

Maybank noted that the Reit’s increase in distributable income was underpinned by organic net property income (NPI) growth and contribution from strategic acquisitions.
BROKERS’ TAKE

Maybank upgrades ESR Reit to ‘buy’ on positive developments

[SINGAPORE] Maybank Securities has upgraded ESR Reit to “buy”, from “hold” previously – with a 50 per cent higher target price of S$3 – on the back of positive developments within the real estate inve...

Revenue climbed 8.2% to about S$117.3 million for the three months ended Sep 30.

Parkway Life Reit Q3 DPU up 2.3% at S$0.1156

Its distributable income rises 10.4% to S$75.4 million

Prime US Reit's Sorrento Towers in San Diego, California.  DBS is optimistic about the prospects for the S-Reit, whose recent equity fund raising of US$25 million expanded its liquidity to US$120 million. 

US office S-Reits could be on the cusp of a comeback

The worst could be over, with interest rates now edging downwards, and leasing demand and occupancy metrics improving across major office markets