Singapore REITs - DBS Research 2024-03-04: Now Is The Time To Be ‘Fearless’

Singapore REITs - Now Is The Time To Be ‘Fearless’

Singapore REITs - DBS Group Research | SGinvestors.ioFrasers Centrepoint Trust (SGX:J69U) LENDLEASE GLOBAL COMMERCIAL REIT (SGX:JYEU) CAPITALAND ASCOTT TRUST (SGX:HMN)
  • Volatility in S-REIT performance, with a general 5.1% m-o-m decline. US office sector a key underperformer this month.
  • Across Feb 24, the general S-REIT index (FSTREI Index) saw a 5.1% m-o-m decline, underperforming the general STI index, which saw relatively flat m-o-m performance (-0.4% m-o-m).
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STI quarterly review sees Frasers Centrepoint Trust entering the index.

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  • Our SG strategists expect Frasers Centrepoint Trust could see an initial weight of 0.8% within the index, with its investable market cap of S$2.4bn, higher than Emperador’s and DFI’s respective weightages of 0.55% and 0.29%.
  • Considering Frasers Logistics & Commercial Trust (SGX:BUOU)’s trading performance when it first entered the STI index, the initial fund flow from the indexation could come in at anywhere between two to three days’ worth of trading value (hopefully more).

What to look out for?

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Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @

Geraldine WONG DBS Group Research | Derek TAN DBS Research | Rachel TAN DBS Research | 2024-03-04

Read More Analysis On Singapore REITs (S-REITs):
Analyst Reports on Singapore REIT Sector

Check Out Also The Summary Of:
S-REIT Share Price Performance
S-REIT Target Prices & Ratings


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