Overseas industrial, office properties lead rental reversions recovery for S-Reits

SINGAPORE-LISTED real estate investment trusts (S-Reits) with exposure to industrial and office assets - especially outside the Republic - might offer the best rental recovery prospects as the Covid-19 pandemic wanes.

In their most recent financial statements, for the period ended June, S-Reits reported mostly positive rental reversions for their industrial and office properties.

On the other hand, rental reversions were negative for Singapore retail malls in the period ended June 30, and revenue per available room (RevPAR) was mostly down for Singapore-based hospitality properties.