Chart of the Day: S-REITs' EBITDA predicted to jump 4% in 2014

Find out what could fuel this.

According to Moody's, rising interest rate environment will lead to higher funding costs, but the 13 rated S-REITs are insulated due to their high proportion of fixed-rate debt and low refinancing obligations.

Healthy debt maturities and improvement in financial flexibility support the sector’s stable outlook.

Here's more from Moody's:

A deterioration in the operating environment, leading to a decline in EBITDA, combined with a fall of 10% or more in asset values.

We expect EBITDA to grow by 4% in 2014, fuelled by a larger asset base and rent increases on existing properties.

Overall, occupancy and rental rates will remain stable, supported by a manageable pipeline of new supply across most segments and proactive lease management to pre-commit rentals in advance of expiry.

Stronger-than-expected economic growth, leading to EBITDA rising 10% or more.