Capital management is likely to be front and centre of REIT managers’ focus this year. For instance, Digital Core REIT, which was listed in December last year at 88 US cents ($1.22), promptly rose to a high of US$1.20 in the wake of its IPO. However, its unit price is down to 85 US cents as at Jun...

UOB Kay Hian analyst Jonathan Koh is keeping his “overweight” call on the Singapore REIT (S-REIT) sector, as he sees upside from the reopening against the perceived threat against inflationary pressures.The way he sees it, nascent signs of the easing of inflationary pressures have emerged.“US ...

As the US Federal Reserve expects a total of seven interest rate hikes in 2022, DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong see a “base building month ahead” with June marking a peak in rate hike worries.The brokerage’s rates strategist is also estimating inflation ...

Singapore REITs (SREITs) are seen as a safe haven when the yield curve flattens in a rising interest rate environment. Even amid market volatility, “the stars are aligned” for hospitality and office sectors, say DBS Group Research analysts Rachel Tan and Dale Lai.“While the SREITs are not spar...

On April 22, stapled security holders of CDL Hospitality Trusts (CDLHT) voted overwhelmingly to approve resolution 4, the implementation of a distribution reinvestment plan (DRP).In a 24- page circular on the rationale for DRP, CDLHT’s manager said: “the cash which would otherwise have been paya...

Keppel Real Estate Investment Trust (Reit) Management, the manager of Keppel Reit, has sold S$11.1 million worth of Keppel Reit units on Friday (Apr 29), Keppel Corp announced after market close. This decreased the company’s interest in the Reit to 46.68 per cent from its previous 46.92 pe...

Analysts are mixed on Suntec REIT’s prospects after the REIT reported higher distribution per unit (DPU) and revenue for the 1QFY2022 ended March.On April 26, the REIT reported DPU of 2.391 cents for the 1QFY2022, up 16.9% y-o-y.Following the REIT’s business update, CGS-CIMB Research analyst Loc...

Singapore’s reopening continues to gain ground, says CGS-CIMB Research analyst Lock Mun Yee, putting SIA Engineering Company (SIAEC), Singapore Post (SingPost) and SingTel in good stead for the coming months.“Sectors that will benefit include retail and office landlords, transport and those tour...

SPH REIT kicked off the current financial reporting season for S-Reits on Apr 1,l 2022 with with the release of its H1 FY2022 (ended Feb 28, 2022) financial results. This was followed by other S-Reits, including Keppel DC Reit (Q1 business update), Keppel Pacific Oak US Reit (Q1 business upd...

If there was one standout from the REITs that announced results in the week of April 18-22, it was their focus on capital management. REIT managers are moving to limit the impact of interest rate hikes on their distributable incomes and distributions per unit (DPU). Interest expense is often locally...