S-REITs' stock price plunges 22.4% from January peak | Agent.sg
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S-REITs' stock price plunges 22.4% from January peak

Fresh property news selection on March 19. 2020, Thursday.

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The price carnage mimics the movements seen during the GFC.

The price of S-REITs has dropped 22.4% from its peak in January, in line with the fall of the Straits Times Index (STI), according to DBS Group Research.

This is said to be caused by S-REITs’ fund outflows prevailing over fundamentals. “In our view, it is ‘who owns what’ that matters for now as a potent mix of fund redemptions and reversal in leveraged positions has resulted in investors heading for the exit in the near term,” said Derek Tan, analyst at DBS Group Research.

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