That said, Chua has remained positive on fundamentals as the sector is past its rent relief cycle. Overseas diversification has also strengthened distribution per unit (DPU) visibility for S-REITs, he notes.
Maybank Kim Eng analyst Chua Su Tye has kept “positive” on Singapore REITs (S-REITs) though he says he sees heightened volatility ahead for the sector, which could lead to valuations remaining under pressure.
S-REITs have retreated by 5% since January, underperforming the market by 9% against rising inflation expectations and a steepening yield curve.
