2 biggest factors to watch for in SREITs' 4Q13 earnings results

Will it be another 'choppy' quarter?

According to CIMB, 2013 was a choppy year for S-REITs, with the market focused on the effects of QE tapering. CIMB examines the possible trends and issues for S-REITs in 2014.

Here's more:

For 4Q13 results, two key factors we shall keep a close watch on in the S-REIT sector are i) any hints of rising cap rates, and ii) changes to funding costs. For office space, we will continue to keep tabs on the changes in rental and pre-commitment rates at CapitaGreen (CCT) and Suntec City Phase 2 (SUN) while comparing the rates for newly signed leases with year-ago rates.

For the retail segment, rental growth on a same-mall basis, any changes to margins as a result of rising labour costs and potential acquisition/AEI plans by CMT and FCT are key signs that we shall watch out for.

For industrial, we will keep a watch on the speed and rate of backfilling the current available space, in particular Signature business parks (MINT) and any potential AEIs/ acquisitions.

For the hotel segments, we will be on the lookout for any guidance and deployment plans for acquisitions/AEIs together with the rate of corporate spending.

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