Chart of the Day: S-REITs outperform

LMIRT topped the list with a 9.6% gain.

OCBC Investment Research reported that the FTSE ST REIT Index had risen by 3.8% versus benchmark index STI’s gain of 1.8%.

Meanwhile those with Buy ratings among the S-REITs under OCBC's coverage raked up a growth of 4.5% on average.

"We expect majority of the S-REITs to showcase sturdy financial performance and balance sheets, aided by contributions from their investments, healthy operating metrics and active capital management,” said OCBC Investment Research.

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