Chart of the Day: Check out the REIT winners, losers in the last 52 weeks

They're most vulnerable to shocks.

According to Maybank Kim Eng, it goes without saying that the REITs are the most vulnerable to rate shocks. Hospitality and office sector REITs have lost the most ground from their 52-week highs since the beginning of May, and quite rightly so as they are in the most cyclical domains. 

"Ascendas REIT has also been sold down heavily, probably because industrial prices have shot up in the past three years, making industrial properties vulnerable to a cyclical downturn," it said in a report.

"While the other REITS (mainly retail and logistics) are holding up better, we would not touch them yet as attention may first switch to the also-vulnerable telco and banking sectors before rotating back to REITs for another wave down."