PhillipCapital’s research analyst Natalie Ong has maintained her “overweight” recommendation on Singapore real estate investment trusts (S-REITs), as the FTSE S-REIT Index fell 4.6% m-o-m, in line with the Singapore market.

To Ong, she expects catalysts in the REITs’ unit prices due to acquisitions fuelled by “conducive interest rates”, she writes in a Feb 22 report.

“REITs have resumed their quest for acquisitions, spurred by low interest rates and share-price recoveries,” she says.

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