While Phillip Securities remains downbeat on certain segments of the real estate investment trust (REIT) market, the brokerage has maintained its “overweight” stance on the whole sector.

It notes that economic indicators, such as manufacturing output, non-oil domestic exports and retail sales, have been improving since June.

Moreover, most of the REIT tenants have remained “current with their rents”, abating concerns that they may have to provide additional rental support.

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