Reits will continue to lure investors amid interest-rate cuts by global central banks, which has already led to more than US$12 trillion of negative-yielding debt. The chase for yield has also made Singapore Reits more expensive, with the sector's estimated dividend yield at 5.36 per cent, almost one percentage point below the level at the beginning of the year.In the largest deal this year, CapitaLand spent S$6 billion to purchase two real estate units from Temasek Holdings.
The latest deal to emerge involves Frasers Logistics & Industrial Trust and Frasers Commercial Trust, which are planning to consolidate, according to people familiar with the matter. To help facilitate the deal spree, Singapore's central bank is considering looser debt rules that could spur more acquisitions by property managers.For bigger real estate trusts, one of the most sought-after gauges to be part of is the 307-member FTSE EPRA/NAREIT Global REIT Index. That usually means a boost in profile, liquidity and valuations.
Source: News Formal (newsformal.com)
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