Industrial REITs worst performers among S-REITs last week

No thanks to CIT and MIT.

On the S-REITs front, the Office REITs gained 1.1% WoW and became top performer, mainly driven by Frasers Commercial Trust (+3.6% WoW), says a report by RHB Group.

On the flip side, the Industrial REITs were the worst performers, up a mere 0.4% WoW, pulled down by both Cambridge Industrial Trust (-1.4% WoW) and Mapletree Industrial Trust (-0.9% WoW). Frasers Commercial Trust was the best performer while Cambridge Industrial Trust was the worst performer.

RHB adds that year-to-date, the Retail REITs (+7.7% YTD) remained the best performing segment with our top pick, Frasers Centrepoint Trust (+11.9% YTD), as the best performing counter within the retail REITs. Healthcare REITs remained second on the list (+6.3% YTD), while the Office REITs remained the biggest laggard (-3.9% YTD) mainly dragged down by the German office REIT, IREIT Global (-9.0% YTD).