Singapore’s industrial real estate investment trusts (REITs) are set to report healthy year-on-year growth in distributable incomes for the three months ended March, OCBC Investment Research said.
Their financial results will be driven by completion of acquisitions, firm occupancy rates and potentially positive rental reversions, the broker said in a report.
OCBC maintained its overweight rating on the industrial REIT sector, with Cache Logistics Trust (CALT.SI) as its preferred pick, given its attractive distribution per unit yield of 8.5% for 2012.
It expects AIMS AMP Capital Industrial REIT (AART.SI), Ascendas REIT (AEMN.SI), Mapletree Industrial Trust (MAPI.SI) and Mapletree Logistics Trust (MAPL.SI) to see revaluation gains.
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