SINGAPORE (July 17): In a webinar held by The Edge Singapore and EdgeProp on July 11, Wong Yew Kiang, head of research at CLSA, gave a quick rundown of the Singapore REIT (S-REIT) sector and his view on virus-resistant REITs. They are, in order of resilience: Healthcare; industrial, in particular data centres; followed by logistics; then office; retail and hospitality REITs.

“Healthcare REITs are the most resilient because most are master-leased with very long leases and with rental agreements where they are stepped-up and inflation-linked,” Wong says.

There are winners and losers among the industrial REITs. “Data centres are benefitting the most because of cloud computing and higher data usage. Logistics properties are benefitting from e-commerce and because habits of shoppers have changed. So logistics REITs could benefit,” Wong suggests.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook