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These REITs could ride the market recovery

Jeffrey Tan
Jeffrey Tan1/18/2021 12:15 PM GMT+08  • 3 min read
These REITs could ride the market recovery
As financial markets continue to rebound from the impact of Covid-19, several S-REITs could ride on the recovery.
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As financial markets continue to rebound from the impact of Covid-19, several Singapore-listed REITs (S-REITs) could ride on the recovery, according to analysts.

Phillip Securities says its top picks are Manulife US REIT (MUST) and Ascendas REIT (A-REIT).

The brokerage notes that the former has a long weighted average lease expiry (WALE) of 5.7 years and lower downsizing risks in the mature, remote-working-adjusted US office market.

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