Find out which among S-REITs will be lashed by a 25-point hike in interest rates

Your guess is as good as ours.

According to Moody's, S-REITs with low average cost of debt are most sensitive to rising interest rates. 

"We are not projecting when and by how much interest rates are likely to rise, but we conducted a sensitivity analysis on our rated S-REITs to show the percentage change in their interest coverage ratios if their average cost of debt increased," Moody's said.

Here's more from Moody's:

If interest rates rose 25 basis points, Mapletree Greater China Commercial Trust, Keppel REIT and Mapletree Commercial Trust (Baa2 stable) would see their interest coverage ratios decline by more than 10%.

S-REITs that are sensitive to rising interest rates will not necessarily see their debt-financing costs increase, however, because they may have taken mitigating measures.