S-REITs continued to announce yield-accretive acquisitions, while correcting 3% in the latter half of September, note UOB Kay Hian analysts Jonathan Koh, Loke Peihao and Nicola Ho. The analysts are maintaining their “overweight” call on the sector, consistent throughout the healthcare, hospitality, industrial, office and retail subsectors.
UOB Kay Hian analysts note the flurry of M&A activities continues with Mapletree Industrial Trust (MINT) acquiring a data centre and office in Virginia in the US between the range of US$200.6 million to US262.1 million ($272.68 million to $356.27 million), subject to calibration of terms.
