Is the worst over for Singapore Reits?
First-half results of many S-Reits were disappointing; the overall risk-reward proposition remains unattractive
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OVER the past year, Singapore Reits (S-Reits) have significantly underperformed the Straits Times Index (STI).
S-Reits recorded a negative total return of -12 per cent during the period, trailing the STI’s positive returns of 2 per cent as at Aug 18, 2023.
The S-Reit earnings season recently concluded. Many S-Reits reported disappointing results for the first half of the year. Only hospitality S-Reits achieved positive distribution per unit (DPU) growth year on year on average, helped by an ongoing travel recovery.
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