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Here's a peek of S-Reits performance in stocks in the past two weeks

In the past two weeks, there were hardly any gainers at the index.

Singapore real estate investment trust (Reit) may have remained resilient because of their stable cash flows but in the past two weeks, the industry declined at the stock exchange.

According to UOB KayHian’s report, S-Reits declined 4.3%, which stemmed from impacts of the Fed and the Russian-Ukraine unrest.

There were also low outperformers with Utd Hampshire Reit still unchanged with downside protected by long weighted average lease expiry of eight years and 2022 distribution yield of 9.9%.

Digi Core Reit was at the foot, which lost 14.7% because its planned acquisition of data centres did not happen.

“US REITs MUST and PRIME lost 11.1% and 6.0% respectively. Industrial REITs MLT, FLT, MINT and AREIT declined 7.2%, 6.2%, 5.9% and 5.4%,” said UOB KayHian.

On the upside, the analyst said investors are likely to turn their attention to S-Reits once inflation moderates.

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