It has been a roller-coaster ride this year for REIT investors.
At the onset of the COVID-19 pandemic, REITs saw their unit prices crash swiftly back in February and March.
This was followed by a sharp rebound for some REITs as investors recognised that all was not as bad as it seemed.
Certain REIT sub-types ended up faring better than others due to the nature of their portfolios.
Naturally, retail and hospitality REITs fared the worst as their fortunes are directly tied to footfall and tourist numbers, respectively.
Commercial and industrial REITs, on the other hand, have remained fairly resilient thus far.
Although most REITs have had to reduce their distribution per unit (DPU) as part of tenant support measures, some have held up better.
As 2021 approaches, industrial REITs have been a beacon in the dark for income-seeking investors as they continue paying out stable, or even growing, dividends....