3 Best-Performing SGX Office REITs Averaged 7% Total Return in 2H18-To-Date
In the 2H18 to-date (29 June-3 Dec 2018), the three best-performing REITs with office assets were Keppel REIT (+9.0%), CapitaLand Commercial Trust (+6.5%), and Suntec REIT (+5.7%). The trio averaged a total return of +7.1% over the period, bringing their YTD, 3Y and 5Y total returns to -6.6%, +45.0% and +48.8% respectively. Analysts have noted revived investor interest in Singapore REITs, driven by a flight to safety amidst rising risk-aversion. In November 2018, the REITs sector saw net inflow of S$28.1 million by institutional investors, reversing three consecutive months of net outflows.