THE five largest office real estate investment trusts (Reits) on the local bourse with assets in Singapore have brought home an average negative total return of 3.2 per cent year-to-date as of May 3.

This brings their one-year and three-year total returns to 14.3 per cent and 21.8 per cent respectively. They maintain a 5.6 per cent average distribution yield.

The four that have reported their results for the first three months of 2018 averaged a distribution per unit (DPU) of 2.09 Singapore cents, down an average 4.5 per cent from the year-ago period.

STRAITS Real Estate (SRE), a subsidiary of Straits Trading Company (STC), is exploring more investments in China’s retail scene, seemingly undeterred by the explosive growth of e-commerce there.

This is because it finds that offline sales, including sales at shopping centres, have continued to expand despite the online competition, and Chinese retailers have in fact adapted …