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The Week Ahead: A REIT-tastic Week

There are more than 10 REITs that are set to report quarterly earnings next week. These include Suntec REIT (SGX: T82U), Mapletree Greater China Commercial Trust (SGX: RW0U) and Far East Hospitality Trust (SGX: Q5T).

Amongst the blue-chip REITs, Ascendas REIT (SGX: A17U) will post first-quarter results on Monday. In January, the owner of Aperia and One-North posted a slight dip in third-quarter distribution per unit. It said it was due to a one-off property tax refund the previous year.

CapitaLand Commercial Trust (SGX: C61U) announced a 13% fall in distributions per unit in January. The commercial landlord said net property income fell 4% after it sold its stake on One George Street, Golden Horseshoe Car Park and Wilkie Edge. CCT will report first-quarter numbers on 24 April.

Industrial conglomerate Jardine Cycle & Carriage (SGX: C07) will release first-quarter results on 26 April. In April, the company said it achieved satisfactory annual results, thanks to an improved performance from its Astra business in Indonesia. It added that Astra should continue to benefit from improving economic conditions and stable commodity prices in 2018.

On the economic front, the market will get its first peek at America’s economic growth in the first quarter. In the final quarter of 2017, the economy expanded 2.9%, which was better than market expectations. For the first three months of 2018, economists think it expanded 2.2%.

China will report some Purchasing Managers’ Indices for April towards the end of the week. Both the manufacturing and the non-manufacturing sectors are expected to show growth.

The European Central Bank has an interest-rate decision to make next week. It is unlikely to make any changes. So, the refinancing rate could be kept at 0%. The Bank of Japan will announce its latest interest-rate decision too. It is expected to keep its short-term interest rate at -0.1%.

And finally, Singapore will report March inflation numbers. The headline rate is expected to remain unchanged at 0.5%, which core inflation could dip from 1.7% to 1.5%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo owns shares in CCT.