S-Reits more leveraged but still cautious in taking up new debt obligations: IREUS
Some trusts have already lowered their leverage by Q2 this year; hospitality names chalk up some of the largest jumps in FY2020 debt ratios
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THE average debt ratios of Singapore-listed real estate investment trusts (S-Reits) went up amid the Covid-19 pandemic, with those in the hospitality sectors clocking some of the biggest increases.
Nonetheless, S-Reits remained disciplined in taking up new debt obligations, and some had already lowered their leverage by Q2 this year, according to the Institute of Real Estate and Urban Studies' (IREUS) analysis of data from S&P Capital IQ Pro.
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