Singapore REITs - DBS Research 2024-05-30: Finding Alpha Amid High Rates

Singapore REITs - Finding Alpha Amid High Rates

Singapore REITs - DBS Group Research | SGinvestors.ioFrasers Centrepoint Trust (SGX:J69U) LENDLEASE GLOBAL COMMERCIAL REIT (SGX:JYEU) CAPITALAND ASCOTT TRUST (SGX:HMN)
  • Rising expectations of a delayed and milder cut in interest rates in 2024 has prompted another round of de-rating in S-REITs share price in recent times. However, a deeper analysis of the overall capital metrics for S-REITs reveals a more positive picture.

Higher for longer is 'in the price'

Market expectations that FED will cut only twice in 2024.

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  • These change in rate cut expectations came on the back of sticky inflation print in the US, contributing to the volatility in S-REITs share price, which has dropped ~12% since the start of the year.
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  • S-REITs currently offer an average dividend yield of ~6.7%, which presents a compelling investment opportunity for income-focused investors given the current low valuations.

Rewards outweigh risks at current valuations.

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

Dale LAI DBS Group Research | Derek TAN DBS Research | Rachel TAN DBS Research | 2024-05-30

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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