SINGAPORE (March 16): Since the start of the year, the FTSE Straits Times REIT Index is down 20% compared with the Straits Times Index which has lost 22%. Interestingly, the FTSE EPRA NAREIT Developed Index is down 23%. No surprise then that recent entrants into the FTSE EPRA NAREIT Developed Index played catch up today. For instance Frasers Centrepoint Trust lost 9.77% today, Keppel DC REIT 11%, Mapletree Logistics Trust fell 16.18%, Mapletree Commercial Trust fell 12%, Frasers Logistics and Industrial Trust lost 11.9% and Manulife US REIT was down 15.7%.

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