M&A plays among names such as IREIT Global (SGX:UD1U
) , First REIT, Sabana Industrial REIT and Suntec REIT are also likely to take place with REIT valuations remaining “dislocated” compared to physical and private market transactions.
The trend of privatisations and mergers and acquisitions (M&As) among Singapore-listed REITs are likely to continue in the second half of this year, says RHB Bank Singapore analyst Vijay Natarajan, who has maintained his “overweight” call on the sector.
“Our earlier expectations of possible privatisations have materialised, with the recent successful privatisation of Paragon REIT and ongoing privatisation of Frasers Hospitality Trust (SGX:ACV) (FHT),” he writes in his May 20 report.
