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

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Jude Chan

Jude Chan

Published Wed, Oct 26, 2022 · 05:50 AM
    • Value could be emerging for S-Reits such as CapitaLand Integrated Commercial Trust (CICT), which hit a 52-week low on Oct 21.
    • Value could be emerging for S-Reits such as CapitaLand Integrated Commercial Trust (CICT), which hit a 52-week low on Oct 21. PHOTO: BT FILE

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    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.

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