As shoppers appear to be flocking back in search of attractive bargains, the performance of real estate investment trusts (REITs) that own suburban malls is likely to improve, according to DBS Group Research.

This has led the brokerage to select Frasers Centrepoint Trust (FCT), CapitaLand Mall Trust (CMT) and Lendlease Global Commercial REIT as its top picks.

The brokerage has a “buy” rating for FCT, CMT and Lendlease with target price of $2.95, $2.40 and 85 cents, respectively.

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