He writes: “We see the current pullback as temporary and an opportunity, as we expect S-REITs to outperform in 2024, with tailwinds from better economic growth and rate cuts. Sector news flows are expected to be incrementally positive, both operationally and on the balance sheet front, over the course of 2024.”
RHB Bank Singapore analyst, Vijay Natarajan, has maintained his “overweight” call on Singapore REITs (S-REITs), following its year-to-date (ytd) retreat of around 4%, which slightly underperforms the Straits Times Index’s (STI) retreat of around 3%.
Natarajan understands this comes after a sharp rally during the last two months of 2023 from positive inflation data and an earlier-than-expected dovish US Federal Reserve (US Fed) pivot.
