Broker Name: OCBC Group Research
Date of Report: 12 January 2026
Excerpt from OCBC Group Research report.
- Report Summary
- The Singapore S-REITs sector saw a positive week, with the FTSE ST REIT Index up 0.8% and the STI up 1.9%.
- Key developments include First REIT redeeming perpetual securities, Dasin Retail Trust facing court summonses for AGM and filing lapses, OUE REIT negotiating a potential Sydney asset stake, and Centurion Accommodation REIT expanding its dormitory capacity.
- Several REITs secured new loans or credit facilities, notably Frasers Centrepoint Trust’s SGD400m green loan and Keppel Pacific Oak US REIT’s term loan, improving refinancing positions.
- Peer comparison tables show average sector yields between 5.7% and 6.8%, with industrial and retail REITs among the largest by market cap.
- Geographical asset breakdowns highlight Singapore’s dominance but with significant overseas exposure, especially in office, industrial, and retail REITs.
- Top performing REITs for the week included BHG Retail REIT and Stoneweg Europe Stapled Trust, while Lippo Malls Indo Retail Trust was among the underperformers.
- OCBC maintains mainly BUY ratings on large-cap REITs such as CapitaLand Ascendas REIT, Mapletree Logistics Trust, and Parkway Life REIT, expecting positive total returns including dividends.
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/research
