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3 non-office REITs to tide investors through an uncertain 2019: OCBC

Michelle Zhu
Michelle Zhu3/12/2019 05:31 PM GMT+08  • 3 min read
3 non-office REITs to tide investors through an uncertain 2019: OCBC
SINGAPORE (Mar 12): OCBC Investment Research is maintaining “neutral” on the Singapore REIT (S-REIT) sector with a preference for retail and hospitality REITs over their office counterparts for their comparatively conservative asset valuations.
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SINGAPORE (Mar 12): OCBC Investment Research is maintaining “neutral” on the Singapore REIT (S-REIT) sector with a preference for retail and hospitality REITs over their office counterparts for their comparatively conservative asset valuations.

This is because the research house believes optimism on further rental growth for office REITs in 2019 has likely been priced in and is set to moderate from the 14.9% growth in 2019, and thus has “more room for disappointment than an outperformance”.

In a Tuesday report, analyst Andy Wong says he foresees retail REITs receiving a slight boost from consumption and retail spending from Budget 2019, with the one-off $1.1 billion bicentennial bonus that grants up to $300 in government service tax (GST) voucher cash.

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