REITs had a terrible week. The sell-off started from 11 Mar 2020 and there was no end in sight even on 19 Mar 2020. Here’s the quick battle damage assessment. I’m not doing this to ridicule those who have invested in REITs but to do a stock take of the markets because everything happened so fast and in such a huge degree. S$37 billion were wiped out from REITs market capitalisation in 7 trading days. 2 REITs, Dasin Retail Trust and Frasers L&I Trust (AUD), declined 1.87% and 2.26% respectively but that was due to low liquidity and little trading of the units. Hence I suspect that’s not the true reflection of the investors’ sentiments. They may just gap down when future trades are done. All the other REITs have lost at least 25% in the last 7 trading sessions. 25 REITs lost more than 10% on 19 Mar 2020 alone. There were 18 REITs that lost more than 50% in 7 trading days. Here’s a quick rundown on the consecutive days of selldown visually....