Singapore REITs – monthly update – The Property Chronicle
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Singapore REITs – monthly update

The Analyst

  • FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 822.03 to 828.26 (+0.76%) on the monthly update. Currently the REIT index is currently back in trading on sideways consolidation, after recovered from a sudden sell-off in the last few weeks.
  • Yield spread (reference to ten-year Singapore government bond of 0.925%) tightened from 5.82%. to 4.575% due to drop in TTM DPU. 
  • The risk premium is still attractive to accumulate Singapore REITs in stages to lock in the current price and long-term yield after the recovery.
  • Technically the REIT index is still trading on sideways consolidation with low volatility until the breakout. Current macro factors such as low interest rate environment and recovery of global economic support the bullish breakout.

Technical analysis 

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 822.03 to 828.26 (+0.76%) compared with the last monthly update. Currently the REIT index is back in trading on sideways consolidation, after recovering from a sudden sell-off in the last few weeks.






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

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