It’s no secret that Singapore REITs have taken a beating amid a rising interest rate environment. Some, such as Mapletree Industrial Trust (SGX: ME8U), have recovered and are hovering close to their 52-week highs. Meanwhile, other REITs such as Keppel Pacific Oak US REIT (SGX: CMOU) remain far below their peak. Strange, isn’t it? What gives? Well, when things get confusing, it is always useful to go back to the basics. Firstly, what do REITs bring to the table? Simply said, REITs offer the opportunity for common shareholders to own properties at a fraction of what they cost. The available assets include shopping malls, hospitals, data centres and office buildings, all properties that are typically out of reach for investors like you and me. Secondly, REITs make them available at a low cost. Today, you can own ParkwayLife REIT’s (SGX: C2PU) portfolio of hospitals and nursing homes for less than S$370 per lot of units....