𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐑𝐄𝐈𝐓𝐬 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 of 40 REITs (𝐌𝐚𝐫 𝟐𝟎𝟐𝟔)

📈 Technically, Singapore REITs sector (FTSE ST REIT Index) is bearish heading towards the the 2 years low of 622 support level.

🔥 Total Market Cap = S$94.2B (⬇️ from S$101.1B)

🎯 Average Price/NAV = 0.78 (⬇️ from 0.86)

🎯 Average Distribution Yield = 5.94% (⬆️ from 5.41%)

🎯 Market Cap Weighted Avg Distribution Yield = 5.62% (⬆️ from 5.17%)

🎯 Average Gearing Ratio = 39.94% (⬇️ from 39.99% ) 💹 Average Yield Spread (vs SG 10Y Gov Yield) = 3.84% (⬆️ from 3.42%)

𝗕𝘂𝗹𝗹 / 𝗕𝗲𝗮𝗿 𝗖𝗮𝗹𝗹 𝗳𝗼𝗿 𝗦-𝗥𝗘𝗜𝗧 𝗦𝗲𝗰𝘁𝗼𝗿 (𝗜𝗻 𝗚𝗲𝗻𝗲𝗿𝗮𝗹):

🐮 Valuation (Sector is still mostly trading below NAV)

🐻 Technical Structure Improving (Short Term Trend Bearish)

🐮🐻 Interest Rate Environment Stabilising (SG 10Y @ ~2.12%; there is a risk of returning of inflation / rate hike due to high oil price cause the conflict in Middle East)

🐻 US 10Y Risk Free Rate ~4.4% (Still a headwind if yields re-accelerate)

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.

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