The Business Times
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HOCK LOCK SIEW

Singapore’s other pure-play Reits trading below book could do with strategic reviews too

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Jude Chan

Jude Chan

Published Thu, Dec 8, 2022 · 05:51 AM
    • Dasin Retail Trust, which owns the Ocean Metro Mall (pictured) in China, is among the Reits with a narrow focus that could benefit from a review.
    • Dasin Retail Trust, which owns the Ocean Metro Mall (pictured) in China, is among the Reits with a narrow focus that could benefit from a review. PHOTO: DASIN RETAIL TRUST

    THE decision by the manager of Manulife US Reit to conduct a strategic review – just six years into its listing on the Singapore Exchange (SGX) – is a bold move.

    On one hand, some in the market might take it as an admission of failure.

    That the value of a real estate investment trust (Reit) – backed by a strong global sponsor, no less – should have collapsed to the extent it did suggests the Reit was not built on a sturdy foundation in the first place.

    Hock Lock Siewmanulife us reitS-Reitsdasin retail trustLMIRTara h-trustEC World ReitPrime US Reitoue commercial reitcromwell e-reitbhg retail reit

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