Analyst
Derek TAN +65 6682 3716; derektan@dbs.com
Rachel TAN +65 6682 3713; racheltanlr@dbs.com
Dale LAI +65 66823715 dalelai@dbs.com
Geraldine WONG + 65 6682 3711 geradlinew@dbs.com


Three catalysts to re-rate S-REITs
• Further relaxation of dine-in capacity from the middle of July 2021 is the start of the route back towards normalcy
• Possible leisure travel by year end to boost sentiment for hospitality stocks.
• Ten potential stars (candidates) in upcoming FTSE EPRA NAREIT index review in Sept 2021 to boost trading and visibility for S-REITs