Park Place (Photo: Manulife US REIT)Park Place (Photo: Manulife US REIT)

Singapore Exchange (SGX)-listed REITs that focus on US assets have emerged among the biggest losers at the close of trading day on 18 August.

Leading the scoreboard of REITs that saw the largest declines in unit price was the embattled office landlord Manulife US REIT, which slipped by more than 7% that day.

It was driven by a mix of married deals and market transactions, according to an analysis of trade data at the close of session.

Manulife US REIT was followed by its peers in the US space, and another owner of exclusively overseas assets, Elite Commercial REIT.

Related: Manulife US REIT highlights major complexity on road to resume distributions

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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.