OCBC downgrades six Singapore REITs after 2017 results

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OCBC Investment Research has downgraded a total of six Singapore REITs and trusts after the 2017 results reporting period.

The firm currently monitors a list of 24 Singapore-listed REITs, and has described results that came in for the 4Q of calendar year 2017 as having met its expectations.

On average, distributions per unit (DPUs) of REITs under its watch declined by 1.4% on a year-on-year basis during this period.

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