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S’pore Reits may be ripe for a relook after last year’s beating
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The iEdge S-Reit Index – the benchmark for S-Reits – fell by 12% year on year in 2022, worse than the 8.4% return for the STI.
PHOTO: BT FILE
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SINGAPORE - Real estate investment trusts (Reits) are looking to make a comeback in 2023 after a torrid 2022, with the pace of interest rate hikes in the United States expected to slow, said analysts.
Favoured by investors for their dividends, Reits took a beating in 2022 as rising inflation and interest rates dented sentiment in the sector. High interest rates make it dearer for Reits, which are debt-intensive, to repay their loans.
