News that changes in the US tax code will not adversely affect Singapore REITs with exposure to the country failed to cheer investors at the year-end, with all REIT sectors registering year-to-date (YTD) declines on the last trading day of 2018.

Concerns over a prolonged trade war between Beijing and Washington, slower growth across the European continent, and a no-deal Brexit across the English channel are some of the factors that have weighed down Singapore REITs for the year.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.