Institutional investors will lean towards larger REITs in 2020, says Morgan Stanley

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A low interest rate outlook will continue to benefit Singapore REITs in 2020.

However, institutional investors will favour REITs with larger market caps and liquidity, Morgan Stanley has predicted in a recent report on the sector.

Singapore REITs rallied strongly in 2019, rising by 18% - a stark difference over the FTSE STI index’s 5% increase.

On the average, Singapore REITs are also trading at about 4.9% forecasted dividend yield, and at about 1.2 times price-to-book ratio.

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