, Singapore

Industrial REITs worst performers among S-REITs last week

No thanks to CIT and MIT.

On the S-REITs front, the Office REITs gained 1.1% WoW and became top performer, mainly driven by Frasers Commercial Trust (+3.6% WoW), says a report by RHB Group.

On the flip side, the Industrial REITs were the worst performers, up a mere 0.4% WoW, pulled down by both Cambridge Industrial Trust (-1.4% WoW) and Mapletree Industrial Trust (-0.9% WoW). Frasers Commercial Trust was the best performer while Cambridge Industrial Trust was the worst performer.

RHB adds that year-to-date, the Retail REITs (+7.7% YTD) remained the best performing segment with our top pick, Frasers Centrepoint Trust (+11.9% YTD), as the best performing counter within the retail REITs. Healthcare REITs remained second on the list (+6.3% YTD), while the Office REITs remained the biggest laggard (-3.9% YTD) mainly dragged down by the German office REIT, IREIT Global (-9.0% YTD).  

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.