Singapore-listed REITS have performed better than regional peers, with the FTSE ST REIT index rising 0.4% month over month in June, Business Times reported Wednesday, citing a DBS Group Research.
The sector's stability comes as Singapore's 10-year sovereign bond yield remained anchored near 2.04%. In contrast, most regional Asian bond yields surged by over 50 basis points amid a hawkish macroeconomic backdrop from the U.S. Federal Reserve, the report said.
DBS has identified the upcoming earnings season as a key rerating catalyst, with the current quarter seen as a dividend-paying period for several REITs, the report added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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