𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐑𝐄𝐈𝐓𝐬 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 of 40 REITs (𝐌𝐚𝐫 𝟐𝟎𝟐𝟔)
@Kenny_Loh:
📈 Technically, Singapore REITs sector (FTSE ST REIT Index) is bearish heading towards the the 2 years low of 622 support level. 🔥 Total Market Cap = S$94.2B (⬇️ from S$101.1B) 🎯 Average Price/NAV = 0.78 (⬇️ from 0.86) 🎯 Average Distribution Yield = 5.94% (⬆️ from 5.41%) 🎯 Market Cap Weighted Avg Distribution Yield = 5.62% (⬆️ from 5.17%) 🎯 Average Gearing Ratio = 39.94% (⬇️ from 39.99% ) 💹 Average Yield Spread (vs SG 10Y Gov Yield) = 3.84% (⬆️ from 3.42%) 𝗕𝘂𝗹𝗹 / 𝗕𝗲𝗮𝗿 𝗖𝗮𝗹𝗹 𝗳𝗼𝗿 𝗦-𝗥𝗘𝗜𝗧 𝗦𝗲𝗰𝘁𝗼𝗿 (𝗜𝗻 𝗚𝗲𝗻𝗲𝗿𝗮𝗹): 🐮 Valuation (Sector is still mostly trading below NAV) 🐻 Technical Structure Improving (Short Term Trend Bearish) 🐮🐻 Interest Rate Environment Stabilising (SG 10Y @ ~2.12%; there is a risk of returning of inflation / rate hike due to high oil price cause the conflict in Middle East) 🐻 US 10