A couple months back, I wrote on article on the 3 Best Singapore REITs to buy in Singapore.
All 3 were retail/ office REITs, because I felt there was the most opportunity in that space.
Many of them are trading at 30% – 50% discount to book value, which I thought was not justified. At that kind of prices, as long as you stick with a good sponsor and good properties, it’s a ridiculous margin of safety, and very strong upside when COVID eventually comes under control.
BUT – Quite a few readers asked me for a list that would exclude retail / office buildings.
The thinking was that nobody knows how COVID-19 would play out. Who knows how many Robinsons will go under, and how many companies will have permanent flexi work from home (like DBS announced the past week).
Basics: COVID-Proof REITs
So in this article, I challenged myself to come up with 3 of the top COVID-proof REITs to buy in Singapore.