Singapore REITs 1Q24 Round-Up - UOB Kay Hian 2024-05-21: More Pluses Than Minuses

Singapore REITs 1Q24 Round-Up - More Pluses Than Minuses

Published:
Singapore REITs - UOB Kay Hian Research | SGinvestors.ioCDL Hospitality Trusts (SGX:J85) FRASERS CENTREPOINT TRUST (SGX:J69U) FAR EAST HOSPITALITY TRUST (SGX:Q5T)
  • For the 21 S-REITs under our coverage, two were above expectations with three below expectations. The hospitality segment registered the strongest NPI growth averaging 9% y-o-y.
  • We saw double-digit positive rental reversions for downtown malls, offices and logistics properties.
  • - Read this at SGinvestors.io -

Retail: Recovery from downtown malls while suburban malls stay resilient.



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