Is the worst over for Singapore Reits?

OVER the past year, Singapore Reits (S-Reits) have significantly underperformed the Straits Times Index (STI).

S-Reits recorded a negative total return of -12 per cent during the period, trailing the STI’s positive returns of 2 per cent as at Aug 18, 2023.

The S-Reit earnings season recently concluded. Many S-Reits reported disappointing results for the first half of the year. Only hospitality S-Reits achieved positive distribution per unit (DPU) growth year on year on average, helped by an ongoing travel recovery.