Singapore REIT Sector Recovery Seen Underestimated by Market -- Market Talk
Dow Jones
Jun 04
0215 GMT - The market appears to be underestimating the durability of the Singapore real-estate investment trust sector's recovery, says Jefferies' Wilson Ng in a note. The sector seems to be entering its first meaningful dividend growth cycle in nearly a decade, driven by improving property fundamentals and falling funding costs, the analyst says. A recent pick-up in property purchase and REIT equity fundraising activity after a 2022-2024 lull indicates upward momentum that could sustain and drive more distribution-per-unit-accretive opportunities for the sector, he adds. Jefferies is broadly positive on Singapore REITs, with CapitaLand Ascendas REIT as its top pick. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 03, 2026 22:15 ET (02:15 GMT)
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