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As S-Reits leave behind pandemic woes, other headwinds could temper optimism

Jude Chan

Jude Chan

Published Tue, Jun 7, 2022 · 05:50 AM
    • While the iEdge S-Reit Index has recovered significantly from the depths of the crash at the start of the Covid-19 pandemic, it is still trading at some 10.6 per cent lower than at the start of 2020.
    • While the iEdge S-Reit Index has recovered significantly from the depths of the crash at the start of the Covid-19 pandemic, it is still trading at some 10.6 per cent lower than at the start of 2020. ST file photo

    A QUICK glance of headlines surrounding the latest quarterly business updates of Singapore-listed real estate investment trusts (S-Reits) for the period ended March would likely imbue investors with much confidence.

    An overwhelming majority of S-Reits posted improvements in key metrics from distributable income (DI), distribution per unit (DPU), net property income (NPI) and occupancy rates to rental reversion or revenue per available room (RevPAR).

    On the back of such rosy data, it may be tempting to declare that the sector has left the residual sting of the Covid-19 pandemic behind.

    Hock Lock SiewS-Reits

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