The additional zone that has ben incorporated into SPH REIT's property on Orchard Road, Paragon. (Photo: REITsWeek)

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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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.