Core Viewpoint - The report from OCBC Bank's investment research department indicates that the Federal Reserve's interest rate path is likely to dominate the unit price performance of Singapore-listed Real Estate Investment Trusts (REITs) [1] Group 1: Interest Rate Impact - OCBC Bank anticipates a "more robust" rate cut pace by the Federal Reserve in 2026 compared to market expectations [1] - The expected interest rate trajectory may suppress the price performance of REITs [1] - A favorable interest rate environment could lead to a turning point in the growth of REITs' per unit distributions next year [1] Group 2: Sector Preferences - Retail remains the favored sub-sector for OCBC Bank, followed by logistics and industrial REITs focused on data centers [1] - Preferred stocks include CapitaLand Commercial Trust and Keppel Data Centres REIT [1] Group 3: Variability Among REITs - The benefits from interest cost savings may not be evenly distributed among different REITs, depending on their hedging and debt maturity profiles [1]