Buy less Singapore REITs in 2019, says Morgan Stanley


Morgan Stanley is recommending investors to buy less Singapore REITs in 2019 as it expects weaker DPU growth, and fewer property acquisitions throughout the year.

Singapore-listed REITs are also relatively more expensive now, based on historical dividend yields and price-to-book (P/B) valuations, compared to five-year historical averages.

The pointers were released in a research report for the bank’s clients, titled ‘Singapore REITs 2019 Outlook: Sell More, Buy Less’.

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