Singapore REITs are crashing
@Alvin Chow：
Singapore REITs and hospitality trusts have suffered heavy price corrections in the past 5 trading days (22 Sep to 28 Sep).The selldown affects the whole industry and not specific to any REIT.15 of them were down 10% or more:Frasers L&C -10%Cromwell Reit SGD -10%Utd Hampshire Reit USD -10%Keppel DC REIT -11%EliteComREIT GBP -11%Ascott Trust -11%Far East HTrust -11%EC World Reit -11%DigiCore Reit USD -11%Daiwa Hse Log -12%ARA HTrust USD -12%Prime US REIT USD -12%CDL HTrust -14%ManulifeReit USD -15%KepPacOakReit USD -16%These price decline in 5 days were more than what most of their annual dividends could cover.The natural thing for investors is to figure out what's driving this selldown and determine if there is any buying opportunity.The key driver here is the expectation of interest r
