CapitaLand Integrated Commercial Trust (SGX: C38U)
CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT with a portfolio of 26 properties worth S$24.5 billion as of 31 December 2023. These properties are spread out across Singapore (21), Germany (2), and Australia (3)....It’s no secret that the surge in interest rates over the past two years has dented sentiment for the REIT sector.
Higher finance costs have eaten into REIT’s distributable income, causing many to report lower year-on-year distributions.
Although the US Federal Reserve has cut interest rates by 0.75 percentage points this year, the central bank may allow rates to stay higher for longer depending on the inflation outlook for 2025.
REIT investors are rightfully worried about the impact of elevated interest rates on the REITs they own.
Here are three solid Singapore REITs with attributes that should provide you with peace of mind as you navigate an uncertain macroeconomic landscape.