2023 marked a better year for Singapore REITs, as compared to the challenging time in 2022. More than 50% of REITs achieved positive returns, a big jump from only 5 the year before, albeit mainly due to the starting share prices being lower for comparison this time. Throughout the year, the fed rate went up a bit from 4.25% - 4.5% to 5.25% - 5.5%. In the December FOMC meeting, the Fed signaled 3 rate cuts in 2024, after which, share prices have rallied. This could mean better times ahead and bring some hope for those investing in Singapore REITs.
Generated by Playground AI
Overall Returns Let's take a look at the overall returns from the graph below, including Business Trust - CapitaLand India Trust. Note that the dividend is based on the ex-dividend date.
The return is better for 2023, with slightly more than half achieving positive...