The Sun Has Started To Shine On S-REITs

Inflation and the job market are gradually cooling in the US and the Fed is expected to commence rate cuts starting Sep 24. The onset of rate cuts would bring reprieves to long-suffering S-REITs, which have weathered the COVID-19 pandemic (2020 and 2021) and interest rate upcycle (2022 and 2023).

S-REITs have just finished reporting their 2Q24 financial results. We saw more stability in their financial performance and selective S-REITs beating our expectations. We advocate staying weighted on blue-chip S-REITs that offer attractive distribution yields of 6-7%.

Join our 2Q24 S-REITs Results Round-up for an overview of the 2Q24 results and our stock picks.

Speaker's Profile

Jonathan Koh is a Director, Research with UOB Kay Hian. He currently covers Banks and Real Estate Investment Trusts (REITs) for the Singapore market. He previously covered Healthcare, Technology and Telecommunications sectors. Jonathan has 24 years of experience in equity research and fund management. He is also a qualified Computer Engineer and a Chartered Financial Analyst.