Undervalued Reits: selling assets trumps mergers

IN spite of the Covid-19 pandemic, real estate investment trusts (Reits) owning retail and office assets posted decent results for 2021.

Suntec Reit, which owns retail and office properties in Singapore, Australia and the United Kingdom posted growth in distribution per unit (DPU) for the year ended Dec 31, 2021 of 17.1 per cent.

CapitaLand China Trust (CLCT), which has a portfolio of 11 shopping malls, 5 business parks and 4 logistics properties in China, saw DPU for the year ended Dec 31, 2021 rise 37.5 per cent.