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Wei Ling Tan
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Singapore REITs rally on rate expectations, but the debt walls have not moved

The sector gained 4.2 percent in a week. The refinancing schedule that caused the derating is unchanged.

Singapore real estate investment trusts gained 4.2 percent over the past week, the strongest weekly performance in more than a year, as the market repriced the rate path.

The logic is straightforward. REITs are leveraged income vehicles, so lower rates cut financing costs and raise the relative appeal of the distribution yield. When the rate path moves, the sector moves.

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About the author

Wei Ling Tan

Singapore and Greater China correspondent

Wei Ling writes on the Straits Times Index, Singapore REITs, MAS policy and the Greater China markets. She was previously a banking analyst and covers the sector with that background.

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