分组1 - The current market conditions are favorable for investing in Real Estate Investment Trusts (REITs) due to anticipated cuts in the prime rate in 2026, with two-thirds of investors expecting at least two cuts to a new low of 3.25% [1] - The article emphasizes the importance of reliable income, diversification, and inflation hedging offered by income-producing asset classes, particularly focusing on Growth stocks and REITs [1]

Core Insights - 2025 has been a successful year for mortgage REITs, particularly those focused on safer agency securities, benefiting from lower funding costs on repurchase agreements [1] Group 1: Performance of Mortgage REITs - Mortgage REITs (mREITs) with a focus on safer agency securities have performed well in 2025 [1] - The success of these mREITs is attributed to lower funding costs, which have positively impacted their financial performance [1] Group 2: Investment Approach - The investment strategy discussed includes a combination of long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term perspective [1]

Core Insights - The Singapore market experienced a steady climb in November 2025, with the Straits Times Index rising by 2.2% [1] - The REIT sector gained significant attention, with three notable performers, including Centurion Accommodation REIT, AIMS APAC REIT, and Frasers Logistics & Commercial Trust [1][2] REIT Performance - **Centurion Accommodation REIT (SGX: 8C8U)**: Achieved a total return of 9.4% in November, driven by market sentiment and investor appetite for new asset classes [3][4] - **AIMS APAC REIT (SGX: O5RU)**: Delivered a total return of 6.2%, with a portfolio valued at S$2.1 billion and a DPU growth of 1.1% YoY to S$0.047, supported by a stable tenant base and positive rental reversion of 7.7% [6][7] - **Frasers Logistics & Commercial Trust (SGX: BUOU)**: Reported a total return of 2.1%, with revenue rising 5.6% YoY to S$471.5 million, but faced a DPU decline of 12.5% to S$0.05950 due to higher finance costs [9][10] Market Dynamics - The REIT sector's performance highlights the contrast between speculative IPOs and established industrial landlords, with Centurion's surge reflecting IPO excitement and AIMS APAC and FLCT demonstrating strong operational fundamentals [12] - FLCT's strategic pivot away from the Melbourne CBD office market to focus on logistics is expected to provide significant debt headroom for future opportunities, with a near-fully occupied logistics asset rate of 99.7% [11]