The top Singapore Exchange (SGX) counter acquired by institutional investors for the trading week that began on 20 July was an industrial REIT.

Two other industrial REITs, and Keppel DC REIT, also saw relatively strong buy volumes during the period.

This is likely emblematic of institutional investor sentiments, which turned away from REITs in the other segments during the week.

The majority of Singapore-listed REITs reported in their respective financial results for 1H 2020 from 20 July.

And from these results, it is becoming increasingly apparent that REITs in the retail, hospitality, and office segments are facing strong headwinds brought about by the COVID-19 pandemic.

Related: Singapore REITs report mixed bag of earnings amid uncertain operating climate