S-REITs experienced a strong surge in the third quarter of 2024, marking one of the best quarters on record.
The FTSE ST REIT Index rose by 13.6% to 714.76 points, achieving its best quarterly performance since the second quarter of 2020. It delivered total returns of 16.4 per cent during the quarter, assuming dividends were re-invested in the index.
The iEdge S-REIT Index increased by 14.7%, hitting its best quarterly performance since its inc...

From the chart, it seems it has been bouncing between sub-52x & 53x for quite a while. Fundamentally it is a pretty sound counter that was under-traded.
From the chart, indicatively, it looks like it might be trending downwards briefly in the coming sessions, which this might suggest some opportunities for small progressive entry from now, as to prepare for the possibly advantageous rewards with the rate cut episodes come in and factore...