228 views

Cromwell EREIT is top outperformer amongst S-REITs

It gained 6% steady financial performance.

In the first two weeks in August, Cromwell EREIT was declared as top outperformer, with a steady financial performance, UOB Kay Hian, revealed.

The REIT’s distribution per unit went up 2.3% year-on-year in the first half of 2022. 

Mapletree Pan Asia Commercial Trust, the recent merger of MCT and MNACT, gained 2.1% because of festival walk in Hong Kong, which benefits from the eased quarantine period for travellers.

Logistics REITs MLT and EREIT gained 2.3% and 1.2%, respectively whilst DCREIT increased 1.7% as it expects an impending acquisition of data centres.

UOB Kay Hian said the S-REITs suffered a slight decline at the Straits Times Index, edging down 1.8% in the first two weeks of August.

Despite the geopolitical tensions, the REITs remained resilient because of their “defensive characteristics and stable cash flows.

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.