Chart of the Day: Check out Singapore’s most geared REITs

Find out which firms led the charge.

Everything seemed to click for most of Singapore’s REITs this week, as the overall sector was up 4.1% WoW.

According to RHB Research, Keppel REIT led the charge for the most geared S-REIT with 42.6% gearing, followed by OUE Hospitality Trust (42.1%) and Mapletree Greater China Commercial Trust (41.2%).

RHB said the office REITs were the best performing subsector as it booked a 5.1% growth, mainly driven by Suntec REIT and CapitaLand Commercial Trust.

“Both the Hospitality REITs and Industrial REITs performed similar as both segments booked +4.1% WoW and +3.1% WoW respectively,” RHB said.

“Retail REITs performed well too, and was up +4.5% WoW, mainly driven by Chinese retail REITs such as CapitaLand Retail China Trust and Mapletree Greater China Commercial Trust. For the week, Far East Hospitality Trust performed the best, up 7.8% WoW,” RHB added.

Meanwhile, Hospitality REITs performed the worst last week, with a measly 0.8% growth.

“Year-to-date, all subsectors have continued to be in the reds for a continuous eighth week this year. On a relative basis, the Healthcare REITs (-0.6% YTD) emerged as the best performing sector,” RHB said.