- S-REITs have weathered the sell-down caused by interest rates staying higher for longer. Many blue-chip S-REITs are trading at attractive distribution yields of 6-7%.
- - Read this at SGinvestors.io -
- Maintain OVERWEIGHT. We picked blue-chip S-REITs from a bottom-up basis: BUY Far East Hospitality Trust, Keppel REIT, Lendlease Global Commercial REIT, Mapletree Industrial Trust and Mapletree Pan Asia Commercial Trust.
The US a laggard in rate cuts.
- - Read this at SGinvestors.io -
- Bank of Canada lowered its overnight rate by 25bp to 4.75% in Jun 24, the first G-7 country to cut interest rates.
- European Central Bank cut the interest rate on its main refinancing operations by 25bp to 4.25% in Jun 24.
- With inflation slowly and gradually receding, the Fed is expected to institute the first rate cut in 4Q24.
The Fed adopting wait-and-see approach for rate cuts.
- Read more at SGinvestors.io.
