SINGAPORE-LISTED real estate investment trusts (S-Reits) have had a rough time over the past two years, as investor sentiment took a beating from the large increase in global interest rates.

Since end-2021, the i-Edge S-Reit index has mostly been on a downward trajectory, delivering negative total returns of 8.3 per cent as at Dec 26, assuming dividends were reinvested in the index.

But in recent weeks, the index has rebounded from the multi-year lows registered in October, tracking a retreat in global benchmark interest rates.