Singapore Stock Market News

S-REIT - Another stable quarter

StockFanatic
Publish date: Thu, 30 Jan 2014, 11:41 AM
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We observed several key trends among the retail REITs' latest quarterly results, including:

1) interest rates were unchanged from the previous quarter,

2) cap rates remained largely stable,

3) the rising labour cost continued to limit the expansion and operational plans of certain retailers, and

4) positive rental reversions were still achieved.

Our top picks for this sub-sector are MCT (Add, TP:S$1.31) and FCT (Add, TP:S$2.05).
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