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Share Prices of These 4 Singapore REITs Are Hitting a Year-Low: Can They Recover?
By The Smart Investor  •  April 3, 2023
Singapore is well-known for being a REIT hub. Income-seeking investors are spoiled for choice as the local bourse boasts a wide variety of REITs from different property sub-classes such as retail, industrial, commercial, and healthcare. However, of late, the REIT sector has come under pressure from a combination of high inflation and surging interest rates. As a result, the unit prices of several REITs have plumbed their 52-week lows. We comb through the REIT universe to highlight four REITs that recently touched a year low to assess if they can pull off a business and unit price recovery this year. Elite Commercial REIT (SGX: MXNU) Elite Commercial REIT is a UK-focused REIT with a portfolio of 155 predominantly freehold commercial properties with a value of around £466.2 million as of 31 December 2022. The REIT recently touched a 52-week low of £0.40 and is down nearly 37% in the past year. For 2022, Elite reported a 6.7% year on year rise in revenue to £37.1 million....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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