Due to the interest rate differential between Singapore and the rest of the World, overseas REITs listed in the SGX are now valued at a much higher dividend yield than that of local REITs. To add to that, the Sing Dollar has appreciated to make the purchase of foreign assets palatable. Stronger Balance Sheet Overseas REITs  For many overseas REITs listed in the SGX, most are exposed to the commercial real estate which globally is experiencing a tenant recession/downsizing. However, 2 REITs (Keppacoak and Elite Commercial) are reporting strong tenancy that is above 90%. Elite Commercial REIT has just done a round of equity raising to strengthen its balance sheet. This has improved its financial standing when meeting creditors. Keppacoak, on its own, has a balance sheet that is lower leveraged and of a higher interest coverage than many Singapore local REITs. My view is that both REITs have a high percentage of survivial and are of the same level as...