OCBC Investment Research said Singapore's
healthcare real estate investment trusts (REIT) provide a safe shelter for
investors as the macroeconomic environment remains uncertain, backed by their
defensive income streams.
First
REIT and Parkway Life REIT are growing inorganically, and expanded their
geographical footprint by penetrating into new markets recently, the brokerage
said.
"We
expect further acquisitions to come as both REITs seek to leverage on the
robust fundamentals in the regional healthcare scene," OCBC said in a
note.
It
reiterated its overweight rating on healthcare REITs, and has a buy rating on
First REIT with a target price of S$0.89.
Charmian
Kok
Reuters
Business & Investment Opportunities
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