Through a gradual overseas diversification and a pivot towards new-economy assets, industrial Reits have also transformed into stable income-generating vehicles with significant earnings growth potential and room to unlock value within their portfolio, DBS said.

A possible oversupply of industrial space in FY2022 - due to construction delays amid the pandemic - could also weigh on rental growth prospects. Industrial REITs should be another leg of growth. I prefers large market capitalisation industrial Singapore Reits as they are better positioned for redevelopment and asset enhancement initiatives, with access to acquisition pipelines from sponsors.$DBS GROUP HOLDINGS LTD(D05.SI)$