Singapore REITs – monthly analysis – The Property Chronicle
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Singapore REITs – monthly analysis

The Fund Manager

  • FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 842.13 to 872.79 (+3.64%) compared to the last monthly update. Currently the Singapore REIT index is still trading with a range between 816 and 890.
  • Yield spread (in reference to the 10-year Singapore government bond of 1.77% as of 7 November 2021) tightened slightly from 4.21% to 4.10%. This is due to the 10-year Singapore government bond rate increasing from 1.57% to 1.77%. The risk premium is attractive to accumulate Singapore REITs in stages to lock in the current price and to benefit from long-term yield after the recovery. Moving forward, it is expected that DPU will increase due to the recovery of the global economy, as seen in the previous few earning updates. NAV is expected to be adjusted upward due to revaluation of the portfolio.
  • Technically the REIT Index is currently on a short term uptrend moving towards the resistance zone at 875-890. With the containment of China Evergrande debt issue and re-opening of the borders, it is expected the stabilisation of the share price of Singapore REIT and the return of the dividend for the next few quarters. Based on the latest earning releases, most of the REITs are growing in DPU and cautiously optimistic moving into 2022. 

Technical analysis


FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 842.13 to 872.79 (+3.64%) compared to the last monthly update. Currently the Singapore REIT index is still trading with a range between 816 and 890.






The Fund Manager

About Kenny Loh

Kenny Loh

Kenny Loh is a senior consultant and REITs specialist at Singapore’s top independent financial adviser. He is also a certified financial planner, REIT trainer for the Singapore Exchange, and a certified trainer by the Institute of Banking and Finance Singapore. His personal investment blog is at http://mystocksinvesting.com.

Articles by Kenny Loh

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