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Singapore REIT Sector Could Benefit From Risk-On Sentiment -- Market Talk

Dow Jones
Apr 03

0124 GMT - Singapore real-estate investment trusts are likely to benefit from risk-on sentiment, say DBS Group Research analysts in a note. The sector's valuations are around 0.9X price-to-book ratio, while past economic downturns saw the sector bottom around 0.8X-0.85X price-to-book, suggesting that a large degree of macro risk has already been priced in. Singapore REITs also still broadly offer an attractive spread over Singapore 10-year government bond yields, they note. The sector seems structurally better positioned relative to the 2022-2024 interest-rate increase cycle, although the analysts reckon higher utility costs could result in some second-order effects to earnings. DBS's subsector preferences in order are office, industrial, retail and hotels. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 02, 2026 21:24 ET (01:24 GMT)

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