Invest
4 Singapore REITs Trading at 52-Week Lows: Are They a Screaming Buy?
By The Smart Investor  •  March 22, 2024
The REIT sector has been under pressure lately because of a combination of high inflation and surging interest rates. As a result, many REITs have tumbled to lows not seen in a while. Income investors who are hunting for bargains may come across REITs that have been unfairly punished. These REITs could simply be victims of poor investor sentiment. We showcase four Singapore REITs that recently hit a year-low to see if they qualify as attractive bargains. iREIT Global (SGX: UD1U) iREIT Global invests in a portfolio of office, retail and industrial assets in Europe. Its portfolio comprises five office properties in Germany, four office properties in Spain, and 44 retail properties in France. The REIT’s unit price recently touched a 52-week low of S$0.33 and has tumbled by 29% in the past year. iREIT Global released a mixed set of earnings for 2023. Gross revenue rose 5.4% year on year to €65 million while net property income (NPI)...
Read the full article
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.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance