27.07.2015, 11:06
Fitch: Singapore's Healthcare REITs are Resilient to Economic Slowdown
OREANDA-NEWS. Singapore's healthcare-sector Real Estate Investment Trusts (REITs) continue to post strong earnings growth despite muted economic growth activity across key markets in the Asian region, according to Fitch Ratings' latest Dashboard for the sector. The Dashboard explores the key themes affecting the credit profiles of the sector.
The sector's strong earnings growth is supported by strong and defensive demand for private healthcare and elderly-care services in the Asian region, as well as rising affluence. In 1Q15 the sector posted revenue and net property income growth of 5% year over year. The sector also continues to make yield-accretive acquisitions using higher leverage to boost growth and to rebalance capital structures.
The report also discusses the key themes that can change the sector's credit profile over the short- to medium-term. The complete report, including more details on these topics, is available at www.fitchratings.com.
The sector's strong earnings growth is supported by strong and defensive demand for private healthcare and elderly-care services in the Asian region, as well as rising affluence. In 1Q15 the sector posted revenue and net property income growth of 5% year over year. The sector also continues to make yield-accretive acquisitions using higher leverage to boost growth and to rebalance capital structures.
The report also discusses the key themes that can change the sector's credit profile over the short- to medium-term. The complete report, including more details on these topics, is available at www.fitchratings.com.
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