S-REIT investors entered 2026 expecting falling interest rates to finally provide some relief. Instead, US inflation accelerated, energy prices surged, rate-cut expectations were pushed back, and the S-REIT sector struggled during the first half of the year. But as we enter the second half of 2026, the macro picture may be starting to change. In this macro deep dive, I look at why inflation became such an important headwind for Singapore REITs, the outlook for oil prices, signs of cooling in the US labour market, what the latest inflation data could mean for Federal Reserve policy, and how an eventual change in the interest-rate cycle could flow through to S-REIT financing costs and distributions. I also share how I am thinking about S-REIT exposure within my own portfolio after a relatively disappointing first half of 2026. This video is for informational purposes only and not financial advice. Always do your own research and consult a licensed financial adviser before making any investment decisions. I own some of the shares and REITs discussed here but what works for me might not work for you. Timestamps 00:00 – Why the Next 6 Months Matter for S-REITs 01:05 – The S-REIT Recovery That Got Interrupted 02:40 – Why Inflation Matters for S-REIT Investors 04:05 – Why Inflation Could Ease From Here 05:10 – Oil Prices and the Energy Inflation Shock 06:45 – The US Labour Market Is Cooling 08:15 – July CPI: The Next Major Test 09:05 – Why the Next 6 Months Could Be the Turning Point 11:10 – What Success Looks Like for S-REITs 13:00 – What Could Still Go Wrong? 14:25 – The Dividend Uncle’s Take 16:35 – Conclusion #SREITs #REITs #SingaporeREITs #DividendInvesting #InterestRates #FederalReserve #Inflation #SingaporeInvesting #PassiveIncome #TheDividendUncle...