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Recap 2023 S-REITs Performance

2023 proved a rollercoaster for S-REITs, starting shaky amid rising interest rates throughout the year and stuck in a tight range between 5.25% and 5.5%. The pandemic's lingering shadows and global economic uncertainties didn't help, casting a pall over investor confidence.

Fortunately, in the December FOMC meeting, the Fed signalled the pause of the Fed Fund Rate and also the potential for 3 rate cuts in 2024, sending the share prices of most S-REITs soaring and spelling the possibility of investing in S-REITs again after the 3 years pandemic rout.

52.6% (20 out of 38) of REITs achieved positive total returns, including dividends. That's a solid signal that resilience is brewing beneath the surface.

So, what does this mean for 2024? Is it time to dust off your S-REIT investment plans and dive back in?

With the potential for lower interest rates on the horizon, S-REITs could find themselves back in the spotlight. Lower borrowing costs make it easier for them to acquire new properties, improve existing ones, and ultimately, boost those juicy dividends that investors crave. This, in turn, could attract more capital, propelling share prices further upwards.

Of course, the road ahead isn't without its twists and turns. Inflation remains a concern, and geopolitical tensions could throw a wrench in the global economic gears. But here's the thing: 2023 showed us that S-REITs are a resilient bunch. They've weathered the pandemic storm, and they're ready to face whatever 2024 throws their way.



Seminar: Singapore REITs Outlook: What's ahead for 2024 - SGX Academy (Free Registration)

SGX 27 Jan 2024

Rising interest rates have impacted global REITs over the past 2 years. Are rates expected to peak in 2024? Will this create an opportunity for a recovery in the REITs sector? Secure your seat for this exclusive in-person event to find out! Join us as industry experts unravel trends, challenges, and opportunities shaping Singapore's REIT landscape in 2024. Delve into key topics such as sector performances, macroeconomic influences, and industry insights. Also engage in discussions, gain insights, and network with fellow investors and industry experts.

You will gain insights on:

  • Sector Resilience Amid Economic Recovery: Discover how Singapore REITs are positioned for the year ahead. Explore insights into the resilience of different REIT sectors, identifying those that are well-positioned to ride varying market conditions.
  • Navigating Risk and Opportunity: Gain strategies to navigate the intricate balance of risks and opportunities within the sector. Understand how to assess risk factors going into 2024 and learn to identify investment opportunities that align with the broader economic recovery.

Event Details:

  • Date & Time: 27th January 2024, 10:00am - 1:00pm
    Registration opens at 9:30am
  • Location: SGX Auditorium, Level 2, SGX Centre 1, 2 Shenton Way
    Singapore 068804
  • Dress Code: Smart Casual
  • Admission is free. Registration is required. Register Now!


SGX 27 Jan 2024 Speakers

Programme:SGX 27 Jan 2024 Programme