With the market pricing in interest rate cuts soon, real estate investment trusts (REITs) could be among the first to benefit. Lower rates result in cheaper borrowing costs, which is paramount for REITs since they usually take on loans to finance their properties. Here are three REITs in Singapore worth watching this September:

CapitaLand Integrated Commercial Trust (SGX: C38U)

CapitaLand Integrated Commercial Trust (CICT), stands as the first and largest real estate investment trust listed on the Singapore Exchange (SGX). The REIT’s portfolio covers a vast array of properties including retail malls, office buildings, and integrated developments. Among its well-known properties are Raffles City, Funan, and Plaza Singapura. From the start of the year, CICT’s unit price has risen by 13.5% to S$2.20. For the first six months of 2025 (1H25), the trust generated gross revenue of S$787.6 million, up 1.4% compared with the prior year’s first half. Distribution per unit came in at S$0.0562, representing a 3.5% year-on-year increase....