Suntec Reit tops with YTD returns of 11.1%
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SUNTEC Reit, which owns prime office and retail space in Singapore's central business district, has been named the best performing real estate investment trust (Reit) year-to-date, with a total return of 11.1 per cent.
This is according to a "Singapore Exchange (SGX) My Gateway" report released yesterday.
CapitaRetail China Trust, the first pure-play China retail Reit to be based in Singapore, boasted the second highest year-to-date returns of 8.4 per cent, followed by Cambridge Industrial Trust, with total returns of 5.5 per cent so far this year.
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