Chart of the Day: Industrial REITS downbeat last week, slipped 2.1%

Pulled down by Ascendas REIT.

On the S-REITs front, the Healthcare REITs were again the top performer (+1.0% WoW) last week, mainly driven by Parkway Life REIT (PLIFE) which was up 1.2% WoW, according to a report by RHB Group.

On the flip side, the Industrial REITs were the worst performers, down 2.1% WoW, pulled down by Ascendas REIT (-4.6% WoW). The other segments registered negative movements with Office, Retail, and Hospitality REITs gathering -1.6%, 1.5%, -0.4% WoW respectively. IREIT Global was the best performer while Ascendas REIT was the worst performer.

Year-to-date, the Healthcare REITs were the best performers (+8.2% YTD), while the Office REITs returned the least (-3.3% YTD). First REIT outperformed the rest, generating price return of 15.5% YTD while Suntec REIT was the primary laggard, down 9.7% YTD.