Tide has turned for Singapore retail REITs, says DBS


Despite the rising number of COVID-19 cases across the world, the worst is actually over for Singapore-listed retail REITs, said DBS.

The bank pointed to several factors, including the prevailing discount of about 0.84x to book value that Singapore retail REITs are currently trading at the moment, as compelling propositions for investors.

This observation is in line with the prevailing discount of about 0.8x reflected for the sector in our Singapore REITs table.

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