S-Reits punching above their weight in the global arena

SINGAPORE Real Estate Investment Trusts (Reits) are turning the corner with the recent announcements to lift Covid-19 restrictions.

Despite the rising rate environment, Reits have steadily been an active sector among investors. Even institutional investors who were previously overall net sellers in the Singapore market year to date, have turned net buyers of S-Reits since February 2022. Looking comparatively at the global landscape, the iEdge S-Reit Index gained 1.3 per cent year-to-date versus -4.9 per cent average for Global Reits and -4.6 per cent for S&P 500 for the first quarter of 2022.

What is driving the resilience of the Singapore Reit sector against its global peers?