Hospitality, retail, and office REITs benefit from reopening

However, there is a limited new supply for logistics, office and retail segments.

The reopening of Singapore and the markets nearby has boosted hospitality, retail, and office REITs in the Lion City, a brokerage report showed.

But the limited new supply continues for logistics, office and retail segments, said UOBKayHian. 

It also highlighted that the results from three properties were within its expectations. For example, the CapitaLand Ascendas Trust achieved a strong and broad-based rental reversion of 11.1% for the first quarter of 2023.

The Frasers Logistics Trust provides growth from its logistics assets in Australia and Germany and has low aggregate leverage of 27.8%.

Mapletree Logistics Trust maintained the distribution per unit at 2.268 cents despite the weakness in AUD, CNY, JPY, and KRW.

UOBKayHian put an overweight call for investing in S-Reits.