Ascott Residence Trust‘s (SGX: HMN) share price (technically known as unit price for REITs and stapled groups) has fallen by around 7%, from S$1.35 on 23 January 2020 to S$1.26 currently. The sudden decline is most likely due to the COVID-19 (official name for the novel coronavirus) infection that has rocked the world thus far. Does the short-term decline in the unit price of Ascott Residence Trust present an opportunity for long-term investors? Let’s explore using my 10-step guide to pick the best Singapore REITs. As a summary, here are the 10 steps I use to pick the best Singapore REITs: Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5% and 9% Gearing Ratio of Below 40% Interest Coverage Ratio of Above 5x Healthy Portfolio Occupancy Rate Positive Rental Reversions Presence of Growth Prospects Acceptable Price-to-Book Ratio Distribution Yield of...