Posted by Kevin Scully
REITs have been one of the worse performing sectors since Fed Chairman Bernanke mentioned the word “tapering” in May 2013.
Of the 29 listed REITs only two still had gains for 2013 as at August 2013. At our investment seminar NRA Connects – I mentioned that REITs were beginning to look interesting and investors should start to look at REITs again when their running yields exceed 6% as this gives them a buffer against a possible and very likely rise in global and Singapore interest rates. (page 39 of my slides).
We met the management of SBPSR this week and were pleasantly surprised. I had …