Singapore REITs – monthly analysis  – The Property Chronicle
Select your region of interest:

Real estate, alternative real assets and other diversions

Singapore REITs – monthly analysis 

The Analyst

  • FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 872.79 to 843.73 (-3.33%) 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 1.69% as of 5 November 2021) widened slightly from 4.10% to 4.29%. This is due to the 10-year Singapore government bond rate decreasing from 1.77% to 1.69%.
  • 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 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 downtrend, but recently bounced back from its support at 835. If early signs are true that the Omicron variant is less severe, it is expected that post-pandemic recovery will continue, which can lead to the stabilisation of share prices of Singapore REITs 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 872.79 to 843.73 (-3.33%) compared to the last monthly update. Currently the Singapore REIT index is still trading with a range between 816 and 890.






The Analyst

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

Subscribe to our magazine now!

SUBSCRIBE