2024 was a turbulent year for global REITs with CSOP iEdge S-REIT Leaders Index ETF (SGX:SRT) and Lion-Phillip S-REIT ETF (SGX:CLR), two Singapore-listed REIT ETFs, down 11.6% and 9.9% respectively. While the majority of the REITs delivered lackluster results, there were some REITs that exhibited strong growth, like Cromwell European Real Estate Investment Trust (SGX:CWBU) with an impressive 25% growth in 2024. The table below is a summary of the 2 ETFs and the REITs that they track, which resulted in their respective 2024 performances.
What’s Next for S-REITs After a Tough 2024?
Let’s dive into the prospects of S-REITs through two key components. The first section involves an overview of the highlighted earnings and operation statistics of the 4 best-performing, 4 worst-performing and 2 stagnant REITs. This will help us to understand which sector and macroeconomic dynamics played a pivotal role in influencing their performance. Then, I will seek to extrapolate and draw parallels to understand what sectors might benefit from the current momentum....