S-Reits falter as investors weigh possibility of zero rate cuts in 2024
Analysts point out that changing expectations over the high interest rate environment has once again been a contributing factor for its underperformance
PRICES of Singapore-listed real estate investment trusts (S-Reits) have faced volatile trading in the past two weeks as interest rate expectations adjust following strong inflation data in the US.
The iEdge S-Reit index sank to 974.08 on Apr 19, close to the multi-year lows registered in October 2023, before rebounding slightly to 1,005.27 on Apr 25.
Analysts point out that changing expectations over the high interest rate environment has once again been a contributing factor for the underperformance of S-Reits.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Reits & Property
Prime US Reit distributable income for Q1 2024 down 19.5% to US$11.9 million
Australia lending rules make banks go ‘too hard’ on due diligence: Westpac
Daiwa House Logistics Trust posts 0.6% higher Q1 distributable income
Manulife US Reit’s portfolio occupancy falls to 78.7% in Q1
FLCT posts 1.1% lower H1 DPU of S$0.0348 on higher vacancies, expenses
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base