S-Reits rebound 6% in November
After falling 5.6% in October, the iEdge S-Reit Index rebounded by 5.7% in total return in November, which was also outperform the FTSE EPRA Nareit development index.
Interest rates and economic growth in key Asian markets continued to be the key drivers for the month. The best performing S-Reits sector in November were Data Centres, Diversified and Industrial S-Reits, with average total returns of 12%, 8% and 4% respectively. S-Reits in the healthcare sector were the only ones with a negative average total return.
There are six S-Reits recorded double-digit total returns last month:
1. Digital Core Reits +18.1%
1. Digital Core Reits +18.1%
2. CapitaLand China Turst +16.5%
3. Daiwa House Logistics Trust +16.1%
4. OUE Commercial Reit +12.3%
5. SPH Reit +10.4%
6. CapitaLand Integrated Commercial Trust +10.1%
Source: SGX
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Deep Sea : This stock will rise on china reopening next year. It will hit above $1.30 next year.
Moo Top : Lendlease