MoneyFM89.3 : ๐๐๐๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ก๐ ๐๐ข๐ ๐๐๐ฉ ๐๐ฅ๐ฉ๐ก๐ ๐๐ฎ๐ง๐ญ
Had a fantastic deep dive yesterday with Michelle Martin on MONEY FM 89.3, discussing the shifting landscape of Singapore REITs. As we move further into 2026, the strategy for S-REITs has evolved from simple "yield-chasing" to a sophisticated hunt for Alpha and resilience.
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Here are the three core themes we covered:
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1. ๐๐ข๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐จ๐ซ ๐๐ข๐ฅ๐ฎ๐ญ๐ข๐จ๐ง? ๐๐ก๐ ๐
๐ข๐ซ๐ฌ๐ญ ๐๐๐๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ ๐ฅ
๐ข $First Reit(AW9U.SI)'s S$471.5M divestment of Indonesian assets is a masterclass in "de-risking."
๐ขThe Reality: Despite revenue growth, the IDR depreciated ~28% against the SGD over 5 years.
๐ขThe Move: Crystallizing a 2.1% premium to valuation to build a massive "war chest" (gearing plunging to 16.7%).
๐ขTakeaway: Not all sales are exitsโthis is a strategic recalibration toward stable, developed markets like Japan and Australia.
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2. ๐๐ก๐ ๐๐ข๐-๐๐๐ฉ ๐๐ฅ๐ฉ๐ก๐ ๐๐ฎ๐ง๐ญ ๐
๐ขWhile the "Giant" REITs offer safety, the iEdge Next50 REITs are where the growth is hiding.
๐ขGrowth Gap: Mid-caps are projected to deliver 4.2% DPU growthโnearly 2.5x higher than large-caps.
๐ขValuation Edge: Buying at a 10-20% discount to NAV while enjoying yields of 7% to 9.5%.
๐ขThe Catalyst: With MAS/SGX liquidity support (EQDP), we are anticipating a liquidity-driven re-rating as institutional money flows into these undervalued gems.
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$Stoneweg EUTrust EUR(SET.SI) $Stoneweg EUTrust SGD(SEB.SI) $OUEREIT(TS0U.SI) $UIBREIT(UIBU.SI) $Sabana Reit(M1GU.SI) $EliteUKREIT GBP(MXNU.SI) $UtdHampshReitUSD(ODBU.SI)
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3. ๐๐๐ฉ๐ข๐ญ๐๐๐๐ง๐ ๐๐ฌ๐๐๐ง๐๐๐ฌ ๐๐๐๐ (๐๐๐๐): ๐๐๐๐๐ง๐ฌ๐ + ๐๐๐๐๐ง๐ฌ๐ ๐๏ธ
๐ข $CapLand Ascendas REIT(A17U.SI)'s S$900M Equity Fund Raising isn't about survival; itโs about dominance in the "New Economy."
๐ขPivot to High Demand: Funding Data Centres in Osaka and Science Parks in Singapore.
๐ขInvestor Opportunity: The preferential offering at S$2.35 (a ~7.5% discount) allows unitholders to average down at a level 2 standard deviations below its 5-year P/NAV average.
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Bottom Line: The S-REIT market is bifurcating. Whether you are playing the defensive blue-chip game or hunting for mid-cap Alpha, execution and asset quality are the only metrics that matter this year.
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Did you catch the live show? The podcast link can be found here ๐
https://reitsavvy.com/insights/money-and-m...
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Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
๐ https://www.kennyloh.net/
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Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investing involves risk. Please consult a licensed financial advisor to ensure any investment is suitable for your specific financial circumstances and risk profile.
$FSTAS351020(FSTAS351020.IN)โ โ $LION-PHILLIP S-REIT(CLR.SI)โ โ $CSOP iEdge SREIT ETF US$(SRU.SI)โ โ $CSOP iEdge SREIT ETF S$(SRT.SI)โ โ $UOB AP GRN REIT S$(GRN.SI)โ โ $UOB AP GRN REIT US$(GRE.SI)โ โ $BHG Retail Reit(BMGU.SI)โ โ $CapLand IntCom T(C38U.SI)โ โ $CapLand China T(AU8U.SI)โ โ $Fortune Reit HKD(F25U.SI)โ โ $Frasers Cpt Tr(J69U.SI)โ โ $Lippo Malls Tr(D5IU.SI)โ โ $Mapletree PanAsia Com Tr(N2IU.SI)โ โ $StarhillGbl Reit(P40U.SI)โ โ $IREIT Global(UD1U.SI)โ โ$Keppel Reit(K71U.SI)โ โ $ManulifeReit USD(BTOU.SI)โ โ $OUEREIT(TS0U.SI)โ โ $Suntec Reit(T82U.SI)โ โ $AIMSAMP Cap Reit(O5RU.SI)โ โ $CapitaLand Ascendas REIT(A17U.SI)โ โ $EC World Reit(BWCU.SI)โ โ $ESR-REIT(J91U.SI)โ โ $Frasers L&C Tr(BUOU.SI)โ โ $Frasers L&I Tr AUD(BWQU.SI)โ โ $Keppel DC Reit(AJBU.SI)โ โ $Mapletree Ind Tr(ME8U.SI)โ โ $Mapletree Log Tr(M44U.SI)โ โ $Sabana Reit(M1GU.SI)โ โ $Far East HTrust(Q5T.SI)โ โ $CDL HTrust(J85.SI)โ โ $CapLand Ascott T(HMN.SI)โ โ $Frasers HTrust(ACV.SI)โ โ $First Reit(AW9U.SI)โ โ $ParkwayLife Reit(C2PU.SI)โ โ $Dasin Retail Tr(CEDU.SI)โ โ $NikkoAM-STC Asia REIT(CFA.SI)โ โ $Sasseur Reit(CRPU.SI)โ โ $Nikko AM STI ETF(G3B.SI)โ โ $STI ETF(ES3.SI)โ โ$CapLand India T(CY6U.SI)โ โ โ$Acro HTrust USD(XZL.SI)โ โ $Keppel Reit(K71U.SI)โ โ $Prime US ReitUSD(OXMU.SI)โ โ $Lendlease Reit(JYEU.SI)โ โ $NikkoAM-STC Asia REIT(CFA.SI)โ โ $ELITE UK REIT(MXNU.SI)โ โ $UtdHampshReitUSD(ODBU.SI)โ โ $STONEWEG EUROPEAN REIT(CWBU.SI)โ $Cromwell Reit SGD(CWCU.SI)โ โ $CapitaLandInvest(9CI.SI)โ โ $Daiwa Hse Log Tr(DHLU.SI)โ โ $DigiCore Reit USD(DCRU.SI)โ โ $PARAGON REIT(SK6U.SI) $Stoneweg EUTrust EUR(SET.SI) $Stoneweg EUTrust SGD(SEB.SI) $ESR REIT(9A4U.SI) $Cent Accom REIT(8C8U.SI) $NTT DC REIT USD(NTDU.SI) $UIBREIT(UIBU.SI)
US Fed now say no interest rate cut for whole of 2026? If so and confirm, reit prices are likely to correct downwards leh
The One Question for investors to ask in the AGM Season
If you only ask one thing, make it this:
"Excluding one-off capital distributions and management fees paid in units, what is your 'Organic Cash DPU' and is it sufficient to cover the current payout, and show the trend Year on Year".
This forces the board to strip away the "optics" and reveal the true earnings power of the properties. I urge all investors to ask this question in the AGM. Invite them to listen to this podcast Money&Me with Michelle Martin for a more direct and transparent reply.