Ascendas REIT's property in Changi Business Park, One@Changi City. (Photo: REITsWeek)Ascendas REIT's property in Changi Business Park, One@Changi City. (Photo: REITsWeek)

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

Dear subscribers, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

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.