Strategy Note /
Singapore

Singapore REITs Monthly – One step forward, one step back

  • FTSE S-REIT Index continues to lag the STI and FTSE Real Estate developer index, dipping 0.5ppts in September

  • Dividend yield spread of 267bps is -1.1SD of 10-year average

  • Remain OVERWEIGHT with preference on retail and industrial sectors. Catalysts expected from pick-up in the economy

Natalie Ong Pei Fong
Natalie Ong Pei Fong

Equity Research Analyst- Property & REITs

PhillipCapital
30 September 2021
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