Upcoming Q3 results will be pivotal following one of the worst market routs since S-Reits’ inception

AMID one of the worst sell-offs in the 20-year history of Singapore-listed real estate investment trusts (S-Reits), market watchers are paying special attention as S-Reits start to release their results and quarterly business updates for the period ended Sep 30.

Gabriel Yap, chairman of investment firm GCP Global, noted that the FTSE ST Real Estate Investment Trusts (Reits) Index has tumbled over 20 per cent since April.

“This is the second-worst correction for S-Reits, not including the Global Financial Crisis of 2007-2009, and the pandemic sell-off of March 2020,” he said. “We are finally getting into a very ‘blood on the streets’ situation for Reit investors and traders.”