Chart 1 : FTSE REITs Index (chart created using C2 - Shareinvestor)
JP Morgan analysts are concerned about the rental portion of some S-REITs, citing vacancy risks as a key focus for 1Q2023. They point out specific concerns regarding non-renewals or partial renewals from tenants such as AT&T, Atos, Seiko, and NTT, as well as litigation with DXC. However, S-REITs with office and hospitality assets are expected to report improved rental reversions. JP Morgan prefers to err on the side of caution and sees downside to street DPUs post-results, with its top picks being laggards such as CDL Hospitality Trusts, CICT, CapitaLand Ascendas REIT, KDC REIT, and Mapletree Logistics Trust. ~ theedge
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