princess_morbucks
09-12-13, 13:16
http://www.businesstimes.com.sg/breaking-news/singapore/stable-2014-outlook-s-reits-moodys-20131209
THE outlook is stable for the Singapore Real Estate Investment Trust (S-Reit) sector in 2014, with Moody's 13 rated S-Reits expected to grow by 4 per cent in 2014, fuelled by a larger asset base and rent increases on existing properties.
Overall, occupancy and rental rates should remain stable, supported by a manageable pipeline of new supply across most segments and proactive lease management to pre-commit rentals in advance of expiry, said Moody's yesterday.
"We could move to a positive outlook if strength in the economy leads EBITDA (earnings before interest, taxes, depreciation, and amortisation) to grow by 10 per cent or more. Conversely, we could move to a negative outlook if a deterioration in the operating environment causes a decline in EBITDA and fall in asset values of 10 per cent or more," it said.
THE outlook is stable for the Singapore Real Estate Investment Trust (S-Reit) sector in 2014, with Moody's 13 rated S-Reits expected to grow by 4 per cent in 2014, fuelled by a larger asset base and rent increases on existing properties.
Overall, occupancy and rental rates should remain stable, supported by a manageable pipeline of new supply across most segments and proactive lease management to pre-commit rentals in advance of expiry, said Moody's yesterday.
"We could move to a positive outlook if strength in the economy leads EBITDA (earnings before interest, taxes, depreciation, and amortisation) to grow by 10 per cent or more. Conversely, we could move to a negative outlook if a deterioration in the operating environment causes a decline in EBITDA and fall in asset values of 10 per cent or more," it said.