In my previous article (read here), we talked about 4 REITs that could outperform in 2023. So lets find out on how the REITs have perform so far by collating the performance of the REITs vs the REIT Index… *Not all REITs are mentioned Out of the 4 REITs mentioned, 3 of them have outperformed the FTSE REIT index except First REIT. And from the table, we can conclude that: Not all big REITs are good. Capitaland Integrated Commercial Trust, Keppel REIT and Mapletree Pan Asia Commercial REIT underperform the REIT index. Overseas REITs perform poorly. The only exception is Crowmwell European REIT REITs that has office REITs tend to perform poorly. This is despite reports of higher rental rates in CBD area But to wrap up, the overall REITs market wasn’t doing so well due to the increase in interest rates.
3 REITs for 2nd half
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