Bakker Tilburg Facility, a property of Frasers Logistics and Commercial Trust. (Photo: Frasers Logistics & Commercial Trust)

As retail investors focused their attention on Singapore Airlines (SIA), institutional investors loaded up on millions of units in REITs for the trading week that began on 11 May.

Seven of the top ten equities acquired by institutional investors over the week on the Singapore Exchange (SGX) were REITs, or securitised real estate trusts.

The top REIT acquired during the week was Frasers Logistics & Commercial Trust, which is currently trading at about 17% premium to book value according to information from the Singapore REITs table.

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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.