Back in May I wrote that Ascendas REIT had dropped to COVID prices, at S$2.49. Well, it has fallen another 8% since then. This week it traded at S$2.28 – the lowest price since the March 2020 crash. And this is happening while DBS and OCBC sit near record highs, and the STI is up 22% this year. That being said, the S-REIT sector is down about 13% in 2026. Ascendas REIT is down 19%. So this is not just “REITs are down”, it looks like Ascendas REIT is doing especially badly even among REITs. So… Will I sell this REIT, or buy more? Price action of Ascendas REIT Here’s the chart for reference. Ascendas REIT has been on a downtrend down all year. The REIT peaked at S$2.90 on 20 January, and every bounce since then has topped out lower. The floor that held in October 2022 (S$2.47) and again in October 2023 (S$2.48) gave way in August. In plain English – in the last 2 interest rate shocks,...