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DBS Group Research Show S-Reits and More Brands May Close Down Soon

by Kyle Chen November 4, 2020

DBS Group Research Show S-Reits exposure due to More Brands May Close Down Soon

DBS Group Research has noticed that fortunes retail-focused Singapore listed real estate investment trust (S-Reits) are coming to close tied with those Robinsons Singapore’s owner where the Dubai-based conglomerate Al-Futtaim which is larger than most think where they hold some of the biggest brands in Singapore such as Marks & Spencer, Zara, and Mango with 111 retail outlets and about half of this store are located in S-Reits’ mall which is facing a large business depreciation due to the current pandemic.

As the sign-in in which there are more black holes will appear soon on malls due to too many unrented out units inside the mall. Furthermore, S-Reits’ department store which is ranges between 7 – 21 percent of gross revenues for Singapore is now seen down these revenues to less than 2 percent after merging with CapitaLand Commercial Trust.

CMT – which will be renamed CapitaLand Integrated Commercial Trust on Tuesday – was trading at S$1.74 as at 1.29 pm on Monday, up S$0.01 or 0.6 percent. FCT units fell S$0.01 or 0.5 percent to trade at S$2.10, while Lendlease Reit dropped 0.5 Singapore cents or 0.8 percent to 60.5 cents.

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