Broker Name: OCBC Group Research
Date of Report: 5 January 2026
Excerpt from OCBC Group Research report.
Report Summary
- Recent Singapore S-REITs developments include new leases, divestments, and capital recycling by major trusts such as Digital Core REIT, CapitaLand India Trust, and CapitaLand Ascendas REIT.
- The FTSE ST REIT Index rose 0.9% week-on-week, outperforming the STI’s 0.4% gain, with data centre and hospitality sectors leading performance.
- Data centre REITs secured significant new tenants and posted the strongest weekly sector gains among S-REITs.
- Peer comparison tables show average forward distribution yields across sectors ranging from about 5.9% to 8.1%, with industrial and retail REITs maintaining healthy yields and moderate gearing.
- Geographical diversification varies by sector: office REITs are mainly focused in the US and Singapore, retail REITs are spread across Singapore, China, and the US, while industrial and data centre REITs have more global exposure.
- OCBC maintains medium-term investment ratings for major S-REITs, with several rated ‘BUY’ based on expected returns and fundamentals.
- The report includes sector and individual REIT performance, geographical breakdown, and updates on key REIT activities in Singapore and overseas markets.
Above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC Group Research website: https://www.ocbc.com/group/investors/research.html
