Core Viewpoint - The post-pandemic era has shown that property stocks are resilient and should be considered for long-term investment portfolios, despite challenges from higher interest rates [1] Group 1: New Economy Property Stocks - "New economy" sectors like data centres and telecommunications have become essential, with Mapletree Industrial Trust (MINT) reporting S$8.5 billion in assets under management as of December 31, 2025 [3] - MINT achieved a portfolio occupancy rate of 91.4%, supported by strong performance in Singaporean data centre assets [4] - American Tower (AMT) reported a revenue of US$10.65 billion for FY2025, reflecting a 5.1% increase, benefiting from the rise in data usage and 5G deployment [5] Group 2: Healthcare Sector - Parkway Life REIT has maintained uninterrupted distribution per unit (DPU) growth since its IPO in 2007, reporting a DPU of S$0.1529 for FY2025, a 2.5% year-on-year increase [6] - A significant uplift in minimum rent of approximately 24% is anticipated in 2026 due to a transition to a new CPI-linked framework for its Singapore hospital master leases [6] Group 3: Retail and Commercial Resilience - Frasers Centrepoint Trust (FCT) achieved a remarkable 99.9% occupancy in its suburban mall portfolio as of January 2026, focusing on essential services to drive tenant sales [8] - CapitaLand Integrated Commercial Trust (CICT) reported a 6.4% increase in FY2025 DPU to S$0.1158, with high retail occupancy at 98.7% and ongoing developments to enhance its market position [9] - Hongkong Land Holdings Limited increased its FY2025 dividend by 9% to US$0.25 per share, launching a US$6.4 billion Singapore Central Private Real Estate Fund to enhance shareholder returns [10] Group 4: Market Recovery and Future Outlook - Manulife US REIT is undergoing a "Recapitalisation Plan" and has suspended distributions through 2025 to focus on debt repayment, divesting assets to reduce debt [11] - As US interest rates are expected to moderate by the end of 2026, there are signs of stabilisation in office occupancy, with potential for reinstating distributions in 2026 [12] Group 5: Investment Strategy - The importance of focusing on high-quality properties with strong management and sustainable cash flow is emphasized, as seen in the performance of Parkway Life REIT and FCT [13]