U.S. Markets open in 5 hrs 22 mins

Suntec Real Estate Investment Trust -- Moody's: New retail space poses greater threat to retail S-REITs than the growth of online retail in the next 12-18 months

Moody's Investors Service says that the increase in the supply of retail space will pose a greater threat to Singapore's real estate investment trusts (S-REITs) over the next 12-18 months than online shopping, while landlords are also adopting innovative approaches to retain shoppers at physical locations. "We expect our two rated retail S-REITs to maintain the quality of their credit profiles, despite Singapore's weak retail environment," says Saranga Ranasinghe, a Moody's Assistant Vice President and Analyst.