Singapore's REITs ripe for consolidation

Singapore’s real estate investment trusts became popular because they had the things local investors love — steady income, high yields and property. Now, it’s all turning upside down, and holders need to hope that a round of consolidation comes to their rescue.

With most annual reports in, the picture for the industry isn’t inspiring. Investors may not have noticed. Indicated dividend yields have continued untouched even as return on assets has plunged.

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