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S-Reits steal the show after Fed rate cut

Investors pile into Singapore real estate investment trusts amid search for yield in low-rate environment

Published Wed, Mar 4, 2020 · 09:50 PM

INVESTORS piled in on Singapore real estate investment trusts (S-Reits) after the US Federal Reserve's 50-basis-point emergency rate cut to boost confidence in the economy amid the Covid-19 outbreak.

On Wednesday, Reits - often viewed as key beneficiaries of reduced borrowing costs - outperformed the broader market.

The iEdge S-REIT Index, which tracks all S-Reits, gained 47.4 points or 3.3 per cent to 1,468.78, its biggest-ever single day jump.

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Companies & Markets

Companies & Markets

S-Reits steal the show after Fed rate cut

Companies & Markets

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Chevron's quarterly profit beats estimates

EU toughens rules on Chinese fashion retailer Shein

Keppel prices 70 million euros of floating-rate notes due 2031

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