Industrial S-REITs kept at 'equal weight' as occupancy stabilises and rent declines slow

SINGAPORE (May 21): Phillip Securities Research is keeping the industrial S-REITs at “equal weight" unless it sees a broad based improvement in occupancy in the sub-sector.

Tailwind for the sector is the tapering of supply of industrial space in 2018.

“We believe rents to find a bottom by the end of the year; and negative reversions persisting, in view of the higher Rental Index from three years ago,” says analyst Richard Leow in a Monday report.

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