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AFTER two years of declining share price performance, analysts believe that Singapore-listed real estate investment trusts (S-Reits) will hit a “turning point” in the coming quarter amid expectations of an interest rate cut by the US Federal Reserve this September.
However, S-Reits are likely to report lower year-on-year distributions in the upcoming earning season as listcos continue to refinance maturing low cost of debt, said analysts.
Their comments come ahead of the upcoming results season, which kicks off on Tuesday (Jul 23).
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