Exposure to luxury segment weighs down SPH REIT’s recovery

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The flow of pedestrian traffic into malls across Singapore is expected to gradually improve, now that COVID-19-related lockdowns have eased.

However, SPH REIT will continue to be burdened by a tepid recovery when compared to its retail peers, given its relatively large exposure to the luxury segment.

SPH REIT is a retail-focused REIT with a portfolio of three properties in Singapore, and two properties in Australia.


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