DBS sees current doldrums in Singapore REITs as buying opportunity


The prospect of rising interest rates has been weighing down on the Singapore REIT sector, but light may be appearing at the end of the tunnel for the office, and hospitality REITs subsectors.

Citing figures compiled by OCBC Investment Research, REITsWeek first reported on 23 May that 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.

Read: Rising interest rates weigh on Singapore REITs despite better rents

A benchmark for the wider Singapore REITs sector, the FTSE Straits Times REIT Index also declined by 6.0% in the year-to-date (YTD).

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