2020 was a torrid year for REITs, with the sector being clobbered by the COVID-19 pandemic.
But amid the gloom, five REITs have managed to outperform its peers while delivering double-digit returns to unitholders.
Here are the top five performers for the year.
Note: Share prices have been compiled as of 30 November 2020, and gains are inclusive of distributions.
Number One: Keppel DC REIT (SGX: AJBU)
2020’s star performer is Keppel DC REIT, a pure-play data centre REIT that boasts 18 data centre properties in its portfolio across Asia and Europe.
The pandemic has turbocharged demand for data centres, as many businesses had to accelerate digitalization roadmaps and cloud adoption.
In a business update for the third quarter of 2020, the REIT reported net property income (NPI) of S$62.4 million, an impressive 47.6% year-on-year growth.
The stellar performance is reflected in the REIT’s share price, which has climbed 35.1% in 2020....