The current share price levels for the Singapore REIT (S-REIT) sector presents an “opportunity” for investors to re-enter, say DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong on Aug 30.
The estimate comes after US Federal Reserve chairman Jeremy Powell’s broad messaging that the US central bank will “stay the course” as opposed to being early in its expected taper programme in the 2HFY2021.
On this, the team sees a “more patient” FED to be conducive for S-REITs to re-rate, with a rate hike some time away.
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