- Interest rates are near peak but likely to stay higher for longer. We focus on S-REITs with enduring investment themes and resilient balance sheets due to:
- normalisation of business and leisure travel: CapitaLand Ascott Trust and Far East Hospitality Trust;
- - Read this at SGinvestors.io -
- Singaporean companies’ tightening hybrid working policies: CapitaLand Integrated Commercial Trust and Keppel REIT.
Who is the fairest of them all?
- We assessed the resiliency of S-REITs’ balance sheet based on the following 5 criteria:
Aggregate leverage:
- Frasers Logistics & Commercial Trust (divestment of Cross Street Exchange) and Paragon REIT have the lowest aggregate leverage of 28.6% and 29.8% respectively.
- Conversely, Suntec REIT has the highest aggregate leverage of 42.6%.
Adjusted interest coverage ratio (ICR):
- Read more at SGinvestors.io.
