It has been a year since the post - How Much would You've Gained if You had Invested All Singapore REITs since Their IPOs, which presented gains from Singapore REITs of an investor named Ah Nuah (lazy in Hokkien). Fast forward 1 year today, with the recent fast and furious share prices decline, is Ah Nuah's portfolio still in green? Image by Gerd Altmann from Pixabay A quick history for SREITs: the first REIT listed is CapitaMall Trust was listed in July 2002 on Singapore Exchange. Subsequently, Ascendas REIT was listed in November 2002, followed by Fortune REIT listed in August 2003. Throughout these years, there are 7 mergers between REITs and 6 REITs/BizTrusts delisted or suspended. Fast forward to today, there are 38 REITs and 2 BizTrusts which operate similarly to REITs. Next, let's recap how Ah Nuah invests:

1. He subscribes S$ 5,000 to each and every IPO of REITs and BizTrust (which operates similarly to REITs).
2. He gets the full allotment every time.

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