REITs continue to be bankers’ best friends. Of course, investors would prefer REITs to be investors’best friends. At any rate, as of Dec 8, REITs had raised more than $5 billion in equity and quasi-equity such as perpetual securities (see Table 1). Despite Covid-19, which has been largely controlled within Singapore’s borders, it was a banner year for fundraising and acquisitions by S-REITs.

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