$Keppel Reit(K71U.SG)
Context: Keppel REIT has been trading sideways, while markets are pricing in two Fed hikes by year-end, with a 25bps hike all but certain this week. That rate outlook is likely to cap near-term upside for rate-sensitive REITs.
My trade: I’m taking a cautious hold for now and watching how the market reacts to the rate path.
Takeaway: REITs will likely remain under pressure given their rate sensitivity, so it’s time to weigh an exit.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.