Tuesday, March 20, 2012

Reit yields catch up with the market

Straits Times: Tue, Mar 20
REAL estate investment trusts (Reits), often regarded as resilient havens in times of trouble, have been playing catch-up with the rest of the market in the current stock rally.

These trusts, which own a portfolio of properties and get income from the rents, had lagged behind when other stocks shot up in January.

However, by last Friday's close Reits had achieved similar returns for the year to date although they slipped yesterday amid a larger market fall.

In the year to date, the total return - comprising price appreciation and dividend payouts - has been about 12.4 per cent for the Reits listed here, said a mailer yesterday by the Singapore Exchange, which quoted Bloomberg data.

In contrast, the broad-market FTSE ST All-Share Index turned in a total return of 15.4 per cent from Dec 30 to last Friday. The total return for the blue-chip Straits Times Index is 14.1 per cent...

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Martin Koh/ Sherry Tang
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