CapitaLand Ascott Trust and Mapletree Industrial Trust Make Acquisitions: REITs Weekly Watch

What happened?

Singapore’s REIT index closed slightly lower compared to the previous week as higher government bond yields weighed on the sector. The CSOP iEdge S-REIT Leaders Index ETF closed at $0.82, down 0.4% from the previous week’s close of $0.823. Hospital REITs and Singapore REITs with Chinese assets surged following massive stimulus measures announced by the Chinese government last week to revive the economy. The best-performing stock REITs are CDL Hospitality Trust, CapitaLand China Trust and Paragon REIT. On the other hand, REITs with exposure to the US market saw further profit-taking, with losses mainly falling on Keppel Pacific Oak US REIT, Prime US REIT and Manulife US REIT.

Singapore REITs are the best performers

CDL Hospitality TrustCapitaLand China TrustParagon REITMapletree Industrial TrustFrasers Hospitality Trust

Singapore REITs are the worst performers

Keppel Pacific Oak US REITLippo Malls Indonesia Retail TrustManulife US REITPrime US REITDaiwa House Logistics…