Singapore REITs 2Q24 Round-up - UOB Kay Hian 2024-08-22: The Sun Has Started To Shine On S-REITs

Singapore REITs 2Q24 Round-up - The Sun Has Started To Shine On S-REITs

Published:
Singapore REITs - UOB Kay Hian Research | SGinvestors.ioCapitaLand Ascott Trust (SGX:HMN)

Retail REITs: Resilient recovery from downtown malls.

  • Downtown malls achieved double-digit positive rental reversion, such as Suntec City Mall (2Q24: +20.2%), Mapletree Pan Asia Commercial Trust (SGX:N2IU)'s VivoCity (1QFY25: +19.9%) and Lendlease REIT (SGX:JYEU)'s 313@Somerset (FY24: +20%) due to a recovery in tourism and back-to-office momentum. Confidence among retailers remains buoyant despite higher outbound travel exacerbated by the strong Singapore dollar in 2Q24.
  • See reports:
    • Read more at SGinvestors.io.



Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.



Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-08-22



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






Advertisement

You May Also Like



SGX Stock / REIT Search

Advertisement

Most Read

Trust Bank Referral Code

Advertisement