S-REITs bounces back in November as total returns rise by 5.7%

In October, S-REITs' total returns fell by 5.6%.

Interest rates and economic growth in key Asian markets helped S-REITs bounce back in November.

Total returns of S-REITs rose by 5.7% last month after a 5.6% decline in October.

"Institutional investors net sold (-$95.6m) while retail investors net bought (+$54.0m) of S-REITs in November 2022," SGX reported.

SGX also said hospitality trusts with Singapore assets, like CapitaLand Ascott Trust, CDL Hospitality Trusts, Far East Hospitality Trust, and Frasers Hospitality Trust,  saw significant improvements in occupancy and RevPAR (revenue per available room) in the last quarter.

SGX attributed the improved performance of the hospitality REITs to the return of large-scale events and the MICE (meetings, incentives, conventions and exhibitions) industry, alongside pent-up demand for overseas travel.

In October, international tourist arrivals to Singapore rose for a ninth straight month.