The operational outlook for Singapore-listed REITs is improving, but rising interest rates have depressed returns for investors, said the country’s second largest bank, OCBC.
Average distribution per unit (DPU) growth for Singapore REITs for the 1Q 2018 reporting period came in at -2.6% on a year-on-year basis.
The FTSE Straits Times REIT Index, which is a benchmark for the wider Singapore REITs sector, has also declined by 6.0% in the year-to-date (YTD).
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