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
Frasers Property H1 profit slides 81.8% on property value losses, lower residential contributions
United Hampshire US Reit reports 19% lower distributable income of US$6.4 million
Frasers Property in talks to sell serviced apartments, former Zouk warehouses in Jiak Kim Street, say sources
ARA H-Trust to sell 2 Hyatt House hotels for US$31 million
Frasers Hospitality Trust H1 DPS falls 13.7% to S$0.01091 on higher finance costs
Prime US Reit distributable income for Q1 2024 down 19.5% to US$11.9 million