25 Jan '11, 10am

Moody's expects continued growth in S-REITs: By Jonathan Peeris | Posted: 25 January 2011 1827 hrs S... #realestate

Moody's expects continued growth in S-REITs: By Jonathan Peeris | Posted: 25 January 2011 1827 hrs S... #realestate

SINGAPORE: Moody's Investors Service expects continued growth in Singapore Real Estate Investment Trusts (S-REITs) this year in an environment of low interest rates, supportive capital markets and improved economic sentiment. In a special report, Moody's associate analyst Alvin Tan said the S-REITs will use their well-capitalized balanced sheets to fund their acquisitive growth strategies this year. The report looks at three sectors - office, retail and industrial - in detail. Mr Tan said his ratings for the S-REITs take into consideration that they will fund their purchases with a mixture of debt and equity while maintaining gearing within targeted limits. Low interest rates are expected to continue this year, making a rise in gearing more attractive. Despite this, Mr Tan said he expects rated S-REITs to adopt a more conservative approach, given the lessons learnt during ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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