Chart of the Day: S-REITs outperform
LMIRT topped the list with a 9.6% gain.
OCBC Investment Research reported that the FTSE ST REIT Index had risen by 3.8% versus benchmark index STI’s gain of 1.8%.
Meanwhile those with Buy ratings among the S-REITs under OCBC's coverage raked up a growth of 4.5% on average.
"We expect majority of the S-REITs to showcase sturdy financial performance and balance sheets, aided by contributions from their investments, healthy operating metrics and active capital management,” said OCBC Investment Research.