Real estate investment trusts (REITs) have suffered a beating in March when the market suffered a massive meltdown.
As cuts in distribution per unit (DPU) started to happen, some investors started to doubt the viability of investing in REITs long-term.
But as the COVID-19 outbreak is now largely under control in Singapore, the government is starting to work on a road map to ease the economy into Phase III, which is the final phase of the reopening of our economy.
Along with it, confidence in REITs has also gradually recovered, especially for those who are poised to enjoy the benefits from the much talked-about ‘new normal’.
Below are three REITs who have recovered from the March lows and are currently trading near their all-time highs.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, is an industrial REIT that manages 114 properties in Singapore and North America, with total assets under management of S$5.9 billion....