Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust is an industrial REIT with a portfolio of 141 properties across six property segments such as flatted factories, data centres, and Hi-Tech buildings. These properties are spread across the US (56), Singapore (83) and Japan (2), and the REIT has assets under management (AUM) of S$9.2 billion as of 31 December 2024....The REIT sector saw a reprieve of sorts when inflation eased towards the end of last year.
However, interest rates are still hovering at multi-year highs, which will raise REITs’ finance costs and depress their distributions.
As a result, the asset class is seeing lingering pessimism with many REITs hitting their 52-week lows.
It did not help that inflation in the US came in higher than expected, thereby reinforcing the notion that interest rates may stay “higher for longer”.
Here are five Singapore REITs that recently touched their year-lows, but could they represent bargains that you should scoop up?
