SINGAPORE-LISTED real estate investment trusts (S-Reits) continue to hold up despite decelerating global growth, with the iEdge S-Reit Index generating 2.1 per cent in total returns in the first half of 2023, outperforming the $Straits Times Index(STI.SI)$ 1.2 per cent and the FTSE EPRA Nareit Asia ex Japan Index’s -1.7 per cent.In fact, 17 out of 40 actively traded S-Reits outperformed the iEdge S-Reit Index during the period.The top 10 best performing S-Reits in the first six months of the year generated over 9.3 per cent in total returns and average 6.2 per cent in distribution yield.The 10 S-Reits were  $KEPPEL DC REIT(AJBU.SI)$ ,  $Cromwel

From the domestic macro point of view, it is still unsatisfactory at present, but the price decline has already priced in some negative factors in stages. Considering that the overall decline of other industrial metals has been very considerable, and many of them have fallen near the cost or reduced production, so the weak recovery may start to price towards the end of recovery, and the price will rebound.1. Review of COMEX copper market last weekCOMEX copper price fluctuated and rebounded last week, and the operating center of gravity moved up. The resolution of the debt ceiling problem has given the market some room to risk on, and risky assets have generally rebounded. The weaker economic data in Europe was priced in the previous price decline, while the economic data in the United Stat

Even in the case of economic recession, the selling pressure on the stock market will not be as severe as in the past.Simon White, macro strategist at Bloomberg, believes that the excessive focus on economic recession stems from its impact on portfolio. The S&P 500 index fell an average of 5% before the recession began, and may fall a further 30% during the recession. But the price trend shows that stocks may not suffer such serious losses this time.However, first of all, the risk of recession has obviously increased, even if it is not an absolute certainty.One of the most comprehensive and reliable leading indicators for measuring economic recession is the recession gauge. It consists of 14 recession sub-indicators, covering a wide range of market and economic conditions. When at leas

The first week of June is the National Real Estate Week, and Huisheng Financial was invited to participate in the National REIT Conference again.More than 300 REITs (Real Estate Trust Funds) and leading companies covering various subdivisions of the global real estate industry came to participate in the conference.The National REIT Association was born in September 1960, when US President Eisenhower signed a decree establishing the real estate trust fund industry. The day after he signed the law, the National REIT Association was established in Washington and began its annual meeting in New York.This meeting should be the 63rd annual meeting, comparable to the history of Mr. Buffett's Berkshire Hathaway shareholder meeting. Of course, unlike the general meeting of shareholders, which is fr

Friday night's non-agricultural data was stronger than expected by the market. Although the unemployment rate rose, the gold market chose to believe that the Federal Reserve would continue the rate hike, which led to a sharp drop in gold prices. In the early morning of June 15th, the Federal Reserve will meet on interest rates. Obviously, the market is currently pricing in the results of the meeting and the words after the meeting, and gold has reached a key position.Important technical support of goldSince November last year, with the change of attitude of the Federal Reserve and a series of crisis events, the market has been strong in bullish sentiment, and the price of gold has also risen from around 1600 to 2100. As for whether the gold price is PRICE IN, there are still different opin

$UtdHampshReitUSD(ODBU.SI)$ Basic Profile & Key Statistics Main Sector(s): Retail & Logistics (Self-Storage) Country(s) with Assets: United States No. of Properties (exclude development/associate/fund): 23 Key Indicators Performance Highlight Gross revenue, NPI and distributable income increased YoY mainly due to contributions from Upland Square which was acquired in Jul 2022. Development Construction of the new store expansion on ST. Lucie West excess land has commenced site work and is expected to be completed in 2024. Related Parties Shareholding REIT Sponsor's Shareholding: Below median by 20% or more REIT Manager's Shareholding: ± 10% from median Directors of REIT Manager's Shareholding: Above median by 20% or more Lease Profile Oc

$FRASERS LOGISTICS & IND TRUST(BUOU.SI)$ Basic Profile & Key Statistics Main Sector(s): Office, Industrial & Logistics Country(s) with Assets: Australia, Singapore, Germany, England & Netherlands No. of Properties (exclude development/associate/fund): 107 Key Indicators Performance Highlight Gross revenue, NPI, distributable income and DPU declined YoY mainly due to mainly loss of income from Cross Street Exchange which was divested on 31 March 2022 and lower exchange rate for f AUD, EUR and GBP against the SGD. Rental Reversion Rent reversion for the latest quarter is at 3.6% for incoming vs outgoing and 23.2% for average vs average. Development The development of Ellesmere Port is targeted to be completed by Dec 2023. Whe

How long is it going to last?

$DigiCore Reit USD(DCRU.SI)$ Basic Profile & Key Statistics Main Sector(s): Industrial Country(s) with Assets: United States & Canada No. of Properties (exclude development/associate/fund): 11 Key Indicators Performance Highlight Gross revenue has improved slightly YoY, however, NPI and distributable income declined YoY mainly due to higher property expenses, finance expenses as well as tax expenses. Related Parties Shareholding REIT Sponsor's Shareholding: Above median by 20% or more REIT Manager's Shareholding: Below median by 20% or more Directors of REIT Manager's Shareholding: Below median by 20% or more Lease Profile Occupancy: ± 5% from median WALE: ± 10% from median Highest Lease Expiry within 5 Years: Above median by 20% o

$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$ $FRASERS LOGISTICS & IND TRUST(BUOU.SI)$ $MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$ Below is the comparison for industrial REIT (with market cap S$ 3.5 B and above) based on the latest result, extracted from comparison tables on SREITs Data page:Photo by Kateryna Babaieva from PexelsFundamental* Growth Trend for DPU is not adjusted for equity fundraising.REIT with the most number of green cells:1) Basic Profile & Key Statistics - AREIT2) Related Parties Shareholding - FLCT3) Lease Profile - FLCT4) Debt Profile - KDC5) Diversification - AR