Singapore REITs Outperform Regional Peers with 0.4% June Gain
Singapore-listed REITS have performed better than regional peers, with the FTSE ST REIT index rising 0.4% month over month in June, Business Times reported Wednesday, citing a DBS Group Research. The sector's stability comes as Singapore's 10-year sovereign bond yield remained anchored near 2.04%. In contrast, most regional Asian bond yields surged by over 50 basis points amid a hawkish macroeconomic backdrop from the U.S. Federal Reserve, the report said. DBS has identified the upcoming earnings season as a key rerating catalyst, with the current quarter seen as a dividend-paying period for several REITs, the report added.
Singapore-listed REITS have performed better than regional peers, with the FTSE ST REIT index rising 0.4% month over month in June, Business Times reported Wednesday, citing a DBS Group Research.
The sector's stability comes as Singapore's 10-year sovereign bond yield remained anchored near 2.04%.
In contrast, most regional Asian bond yields surged by over 50 basis points amid a hawkish macroeconomic backdrop from the U.S.
Federal Reserve, the report said.
DBS has identified the upcoming earnings season as a key rerating catalyst, with the current quarter seen as a dividend-paying period for several REITs, the report added.