Nearly 2 in 3 S-Reits are faring worse than at IPO, but total returns mostly positive

INVESTORS in Singapore-listed real estate investment trusts (S-Reits) may be understandably upset as they look at their portfolio performance.

Real estate investment trusts (Reits) have been a favoured asset class for investors here seeking stability and yield. But ahead of the 20th anniversary of S-Reits coming up in July, nearly two-thirds of the 41 actively traded S-Reits and property trusts have sunk below their initial public offering (IPO) prices after adjusting for corporate actions.

Notably, all but 4 of the 22 S-Reits that listed on the Singapore Exchange (SGX) over the past decade since 2012 are below where they started, according to data compiled by The Business Times..