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Singapore REITs will be resilient in 2023 amid payouts, DBS says

Bloomberg
Bloomberg12/16/2022 12:51 AM GMT+08  • 3 min read
Singapore REITs will be resilient in 2023 amid payouts, DBS says
REITs “offer resiliency given their attractive and growing distribution yields” as investors are turning defensive, says DBS's Eng-Kwok Seat Moey. Photo: Bloomberg
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Real estate investment trusts in Singapore will remain attractive to investors amid market volatility, according to DBS Group Holdings Ltd.

REITs “offer resiliency given their attractive and growing distribution yields” as investors are turning defensive, Eng-Kwok Seat Moey, group head of capital markets at DBS, said in an interview.

Interest rates have climbed globally, pressuring returns for some investments. While the opportunity cost of investing in REITs in the city-state has increased, they will come on strongly thanks to their steadily increasing dividends, she added.

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