- For the 20 S-REITs under our coverage, three beat our expectations (CapitaLand Integrated Commercial Trust, Frasers Logistics & Commercial Trust and Keppel DC REIT), while two underperformed (Lendlease REIT and Mapletree Logistics Trust).
- - Read this at SGinvestors.io -
- Frasers Logistics & Commercial Trust locked in strong positive rental reversion in Australia.
- - Read this at SGinvestors.io -
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.