Despite a recent rout, Singapore REITs are still better placed financially to weather the impending downturn compared to the 2008 Global Financial Crisis (GFC).
This is the oft-repeated narrative espoused recently by local REIT industry players, including an institutional investor that was interviewed by this publication recently.
However, a comparison of debt metrics between the present day and 2008 for REITs that existed then, suggest that certain counters may not be as well-placed as others in terms of debt.
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