
These are the five worst-performing REITs on the SGX
An office REIT is the biggest loser.
Times have been tough for some of Singapore's largest real estate investment trusts (REITs), with investors spooked by rate hike jitters, lacklustre rental growth prospects and intensifying economic troubles.
A report by the Singapore Exchange highlighted that the 10 most active REITs in terms of turnover velocity averaged a 6.3% decline in total return between January and October 2015.
CapitaLand Commercial Trust booked the steepest share price slip, registering a -21.9% return year-to-date. Keppel REIT, another office-focused trust, was a close second after turning in a -20% return in the year thus far.
Suntec REIT, whose portfolio is made up of retail and office properties, came in third after booking a -16.9% year-to-date return. This was followed by Cache Logistics Trust, which turned in a -14.1% total return in the year thus far.
Mapletree Logistics Trust was the fifth worst-performing REIT, with its total year-to-date return falling by 11.3%.
Other REITs in the list which turned in negative year-to-date returns include CapitaLand Mall Trust and Ascendas REIT.