Is the worst over for Singapore Reits?
First-half results of many S-Reits were disappointing; the overall risk-reward proposition remains unattractive
Add BT as a preferred source
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.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
