Higher interest rates dampen economic sentiments. With a 75 basis points (bps) being priced into the next Federal Open Market Committee (FOMC) meeting to battle inflation; the US federal reserve (Fed) rate will increase from a current 2.5% to 3.25%. There are also further rate hikes of another 75bps being priced in the November and December meetings. To make things worse, inflation is also at elevated levels, affecting the cost base of many companies including REITs. This is a triple whammy for REITs who sees weak rental reversions when economic sentiments are weak. As leveraged vehicles, higher interest rates also affect the bottom line. Inflation arising from higher costs such as manpower and utilities also have a direct impact on REITs. In these times, there are some strong Singapore REITs who have seen resilient performances both from a share price and also a business perspective. A blue chip stock is a recognized, well-established, and financially sound company. Blue...