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The year's REIT gainers and losers

The Edge Singapore
The Edge Singapore • 1 min read
The year's REIT gainers and losers
The year’s top gainer was no surprise (see chart 1). Keppel DC REIT is in demand because data centres are in demand, and supply is likely to be limited given that Singapore is curbing the building of more data centres. Ascendas Hospitality Trust was acq
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SINGAPORE (Dec 20): The year’s top gainer was no surprise (see chart 1). Keppel DC REIT is in demand because data centres are in demand, and supply is likely to be limited given that Singapore is curbing the building of more data centres. Ascendas Hospitality Trust was acquired by Ascott Residence Trust which accounted for Ascendas Hopitality Trust’s price performance.

Earlier in the year, Mapletree Commercial Trust was flagged as a beneficiary of the Great Southern Waterfront master plan.

Sasseur REIT’s unit price surged after investors became aware that it was going to be included in the FTSE EPRA NAREIT Emerging Market Index.

“Inclusion in FTSE EPRA NAREIT Emerging Market Index is definitely a new milestone for Sasseur REIT after surpassing the billion-dollar market capitalisation mark last month. It will lift Sasseur REIT’s profile and put us on radar of many global real estate equity funds,” says Wong Siew Lu, Head, Investor Relations and Corporate Affairs at Sasseur REIT’s manager. “We look forward to enjoy higher visibility and trading liquidity from institutional investors through our inclusion in this Index.”

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