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Mapletree Logistics Trust and MPACT report lower DPU: REITs Weekly Watch
By Beansprout  •  October 26, 2024

What happened?

An index of Singapore REITs fell in the past week, as a jump in US government bond yields and a slew disappointing earnings reports weighed on the sector.   The CSOP iEdge S-REIT Leaders Index ETF closed lower for the week at S$0.783, declining 3.0% from its close in the previous week of $0.807. The US 10-year government bond yield rose to above 4.2%, its highest level in close to three months, as investors moderated their expectations of sharp interest rate cuts by the US Federal Reserve. In Singapore, the 10-year Singapore government bond yield rose to as high as 2.93%, before easing back to 2.83% on 25 October.  A number of REITS reported a sharp decline in their dividend per unit in the third quarter of 2024, driving concerns about the impact of elevated interest rates on their distributions. On the other hand, REITs with datacentre assets,...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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