Starhill Global REIT's Ngee Ann City property. (Photo: REITsWeek)

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.

Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.