Karoonyavanich declined to name the sector or the sponsor of the upcoming REIT in the fourth quarter. He did, however, nod in agreement to assets such as data centres, hospitality, healthcare and industrial and logistics, and we detected a whiff of recognition that commercial assets could make a comeback.
According to Art Anuruk Karoonyavanich, head of equity capital markets at DBS Group Holdings, seven REIT IPOs are in the pipeline, with three likely IPOs this year. Of these, at least one will be in 4Q2026.
In addition, all of the seven pipeline REIT IPOs are likely to be externally managed. So far, the internalisation of Sabana REIT, which transformed it into Alpha Integrated REIT (AIR), hasn’t been an inspiration for other internally managed REIT listings.
