An increased penetration of online sales has impacted the performance of Singapore-listed retail REITs for 1Q 2019, says Morgan Stanley.
According to figures compiled by the investment bank, rent reversions recorded by retail REITs during the quarter came in at 4%, although this is largely uneven across the counters.
SPH REIT reported a 10% rental reversion year-on-year for leases renewed in 1Q 2019.
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