REIT Watch - Third quarter wrap sees institutional investors return to S-Reits

@TigerTalks
The iEdge S-REIT Index ended the third quarter of 2021 relatively flat with 0.2 per cent total returns, in line with global REIT markets which declined towards the latter half of the quarter due to steepening of yield curves. This brings the index year-to-date total returns to 4.5 per cent. There are 20 trusts which outperformed the index in Q3 2021, including ten of the 11 trusts that entered the FTSE EPRA Nareit Global Developed Index following the most recent September review. The top five performing trusts, which were all recent index inclusions, were: OUE Commercial REIT (14.2 per cent), Starhill Global REIT (12.4 per cent), ARA LOGOS Logistics Trust (10.1 per cent), Far East Hospitality Trust (9.9 per cent), and ESR-REIT (9.3 per cent). These five trusts received net institutional inflows of S$192 million and net retail outflows of S$89 million this quarter. In the year-to-date, the five best performing trusts were: ARA LOGOS Logistics Trust (60.2 per cent), Sabana REIT (34.3 per cent), Starhill Global REIT (32.6 per cent), Keppel Pacific Oak US REIT (28.4 per cent) and First REIT (27.8 per cent). These five trusts received net institutional inflows of S$132 million and net retail outflows of S$66 million in the year-to-date. Overall, institutional investors were net buyers of the S-Reits and property trusts sector in the third quarter, after being net sellers in the first half of 2021. The sector received three consecutive months of net institutional inflows from July to September 2021, amounting to S$270 million. Retail investors continue to be net buyers of the sector since the start of the year, with the exception of July, which saw net retail outflows of S$95 million. In the year to date, retail investors net buying activities in the sector totalled S$917 million. There are four trusts that received net inflows from both institutional and retail investors in the year-to-date: Frasers Logistics & Commercial Trust (institutional: S$16.4 million; retail: S$8.5 million), Far East Hospitality Trust (institutional: S$8.2 million; retail: S$1.7 million), Keppel Pacific Oak US REIT (institutional: S$5.5 million; retail: S$9.7 million) and Prime US REIT (institutional: S$0.5 million; retail: S$12.8 million). The top three performing sub-sectors for the Q3 2021 period are Industrial REITs (3.3 per cent total returns), Specialised REITs (2.9 per cent), and Diversified REITs (2.0 per cent). The top three performing sub-sectors in the year-to-date are Healthcare REITs (25.4 per cent total returns), Industrial REITs (21.0 per cent), and Office REITs (11.8 per cent). REIT Watch is a weekly column on The Business Times, read the original version. Article reposted with permission from SGX The following REITs will be engaging investors in the upcoming 2021 SGX REITs Week The 2021 SGX REITs week is an event jointly held by SGX and various REITs, exclusively hosted by Tiger Brokers (Singapore) which aims to engage investors through a series of webinars. You will stand a chance to win an iPad by participating in the webinars! To check out the webinars, you may login to your Tiger Trade-> Community -> Live. Cromwell European REIT (SGX Ticker: CWBU) Webinar - 18 OCT 2021, 7pm Lendlease Global Commercial REIT (SGX Ticker: JYEU) Webinar – 19 OCT 2021, 6pm OUE Commercial REIT (SGX Ticker: TS0U) Webinar – 20 OCT 2021, 12pm BHG Retail REIT (SGX Ticker: BMGU) Webinar – 21 OCT 2021, 12pm
REIT Watch - Third quarter wrap sees institutional investors return to S-Reits

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