Value could be emerging for some S-Reits after the sell-off

AT least half of the 42 actively traded Singapore-listed real estate investment trusts (S-Reits) are trading at or extremely close to their 52-week lows, following a massive sell-off that is shaping up to be one of the worst in the 20-year history of S-Reits.

Going into the long Deepavali holiday weekend, a dozen S-Reits hit their 52-week lows last Friday (Oct 21), with another nine coming within 1 per cent of their 12-month troughs.

All but four of the S-Reits – Elite Commercial Trust , Dasin Retail Trust , EC World Reit , and BHG Retail Reit – closed within 10 per cent of their 52-week lows.