A recent Business Times article painted a rather bullish picture for Singapore’s retail REITs, especially Frasers Centrepoint Trust (FCT) and CapitaLand Integrated Commercial Trust (CICT). I know, it is paywalled, but Singaporeans can actually read for free! Screengrab of the pay-walled Business Times article Guess what? It just so happens that I already hold both of them in my portfolio as exposure to the resilient, suburban retail sector in our beloved red dot. Like the analysts, I remain positive about these two REITs despite challenges in the retail sector. Both FCT’s portfolio occupancy and CICT’s (retail) portfolio are sitting at close to 100% Despite the economic backdrop of inflation and uncertainty, shop space is getting filled up by eager tenants even as big names retailers are exiting. I suppose even when wallets are a bit tighter, suburban malls are still where people gather for a little retail (or service) therapy and a bite to eat. Retail rents across Singapore continue to rise...