Singapore REITs Beat Estimates as Commercial Demand Defies Global Slowdown

Mapletree Pan Asia Commercial Trust and Keppel DC REIT reported quarterly results ahead of analyst forecasts, underlining Singapore’s robust commercial-property market. Mapletree’s revenue climbed 8.2% year-on-year to S$611 million, while Keppel DC REIT posted a 6.5% increase in distributable income. The outperformance was attributed to resilient leasing and strong data-center occupancy across the region. Market strategists said the results confirm investor confidence in Singapore’s REIT sector despite global rate volatility and softening real-estate sentiment elsewhere.