Singapore - Comm Properties & REITS 02 (Jan 13 - Jan 19)

Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby winston » Wed Mar 28, 2018 9:59 pm

REITs Positioning in a Rising Interest Rate Environment

Synopsis

How will REITs perform in a rising interest rate environment? Which REITs are better positioned to ride the property upcycle? Are the Hospitality REITs poised for a turnaround?

We believe that the concerns of a rate hike on REITs performance are overblown. REITs will transition from being viewed as yield vehicles to being viewed as growth vehicles and will continue to outperform.

Singapore REIT yield spreads are among the most compelling across the region with upcycle yield spreads indicating over 20% upside potential.

We prefer exposure to the office and hospitality segments over industrial and retail segments.

We expect a rise in visitor arrivals and dwindling hotel supply will drive the Hospitality segment turnaround.

We recommend an OVERWEIGHT stance on the REITs sector with CDL Hospitality Trusts, CCT and AREIT as our top picks.

Source: UOBKH
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Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby winston » Wed May 23, 2018 9:52 am

Singapore REITs: Rising yields negate improving industry fundamentals

Looking at the recently concluded 1QCY18 results season, 19 out of the 23 S-REITs under our coverage reported results which met our expectations, while four missed.

The average DPU growth came in at -2.6% on a YoY basis. Looking ahead, we are projecting stable DPU growth (market-cap weighted) of 1.9% for the current financial year and 1.6% for the next financial year.

One of the key trends which emerged since late last year was the penetration of S-REITs into new geographical markets.

Another key sector event was the agreement reached between the REIT managers of ESR-REIT and Viva Industrial Trust on their proposed merger. This could set the stage for further consolidation in the industry in the future.

Despite the S-REITs sector’s share price correction YTD, valuations are still stretched, in our view.

Maintain NEUTRAL, with a selective stock picking approach remaining key at this juncture.

Our preferred picks are Frasers Logistics & Industrial Trust [BUY; FV: S$1.21]; Frasers Centrepoint Trust [BUY; FV: S$2.49]; and Mapletree Greater China Commercial Trust [BUY; FV: S$1.42].

Source: OCBC
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Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby behappyalways » Fri Jun 22, 2018 5:18 pm

Office take-up rate in Q1 alone beats 2017 record
https://sbr.com.sg/commercial-property/ ... 017-record
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Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby behappyalways » Thu Jul 19, 2018 2:25 pm

Chart of the Day: 2.5 million sqft of retail space to be developed until 2019
https://sbr.com.sg/retail/news/chart-da ... until-2019
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Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby behappyalways » Sat Jul 28, 2018 5:28 pm

Retail space prices dropped by 1.3% in Q2
https://sbr.com.sg/commercial-property/ ... d-13-in-q2


Office space prices inched up by 1.9% in Q2
https://sbr.com.sg/commercial-property/ ... d-19-in-q2
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Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby behappyalways » Tue Jul 31, 2018 12:13 pm

Grade-A office in 2Q2018 grows at fastest rate in 17 quarters
https://www.edgeprop.sg/property-news/g ... 7-quarters


Orchard Road vacancy drops even as retail rents in Central Region falls 1.1% in 2Q2018
https://www.edgeprop.sg/property-news/o ... -11-2q2018
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Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby behappyalways » Wed Aug 01, 2018 12:08 pm

Is the worst over for embattled Singapore retail REITs?
https://sbr.com.sg/retail/in-focus/wors ... tail-reits
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Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby behappyalways » Sat Aug 11, 2018 3:00 pm

Supply crunch to boost Grade A office rents by 10% in 2018
https://sbr.com.sg/commercial-property/ ... 10-in-2018
Last edited by behappyalways on Sat Aug 11, 2018 3:01 pm, edited 1 time in total.
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Re: Singapore - Comm Properties & REITS 02 (Jan 13 - Dec 18)

Postby behappyalways » Sun Aug 19, 2018 3:43 pm

Office market recovery set to continue into 2019
https://www.edgeprop.sg/property-news/o ... tinue-2019
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