REITs: Top 10 outperformers for first half of May

The normalisation in Singapore has bode well for REITs in the retail sector.

REITs from the retail sector led UOB Kay Hian's top 10 outperformers for the first half of May.

In a report, the analyst named Mapletree NAC Trust (MNACT) as the top outperformer with a stable unit price, and support from  MapleTree Commercial Trust's (MCT) takeover offer at $1.1949.

Despite a 1.9% loss in its unit price, PLife REIT (PREIT) ranked second in the list of top outperformers ahead of Sasseur REIT (SASSR) whose unit price declined by 2.4%. 

Even with a 2.6% decline in its unit price, CapitaLand Integrated Commercial Trust (CICT) still made the top 4 as it was protected by its diversified business and funding, according to UOB Kay Hian.

Also on the list of top performers, in order, are Prime US REIT USD (PRIME SP), DigiCore REIT USD (DCREIT SP), Elite Commercial REIT GBP (ELITE SP),  SPH REIT (SPHREIT SP), Utd Hampshire REIT USD (UHU SP), and Starhill Global (SGREIT SP).