I have always liked industrial S-REITs. Long time readers would remember blogs like this: Office REITs versus Industrial REITs. Industrial REITs having much higher distribution yields made the decision to invest heavily in them easier too. We will always need all kinds of warehouses and with e-commerce being so entrenched, they are even more in demand. Business parks fit a niche demand for where office space in the CBD is considered too expensive. Together with all other types of industrial buildings, they are pretty difficult to disrupt as a class. In fact, they are more likely to be disrupters or friends of disrupters than victims of disruption. Of course, on hindsight, we also see how resilient industrial S-REITs can be in a pandemic setting. I have the following in my portfolio:

1. AIMS APAC REIT
2. Sabana REIT
3. Frasers Logistics Trust
4. Capitaland China Trust

Yes, it is a bit strange to see...