On the back of recent successful equity fundraising activities, more Singapore-listed REITs can be expected to tap the market to fund inorganic growth plans, says DBS.
These fundraising exercises will present a more attractive re-entry point for investors, given how Singapore REITs have delivered total returns of about 20% in the year-to-date.
Given this rally, DBS expects more modest and gradual growth for Singapore REITs in the quarters ahead.
The bank has also named three mid-cap Singapore REITs which may benefit from an equity fund raising exercise at this juncture.
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