S-REITs have been on tear this year, outperforming the broader market by a wide margin. Economic and market conditions have been optimal for a REIT rally. These conditions include falling bond yields due to expectations of looser monetary policy by major central banks as compared to the last 2 years. Also, a weaker economic outlook, but not quite a recession, means that growth stocks which were in vogue over the last few years, have lost their shine.  Instead, institutional investors have turned their attention to dividend stocks, since they anticipate lower capital gains from growth stocks. Also, appetite among global investors for Asian equities have returned in a very strong manner. These factors have been the driving force behind the stampede into S-REITs this year. So how have S-REITs stacked up so far?  The table below shows the total returns of the S-REIT sector for the first two months...