In a Thursday report, RHB Group Research notes that Singapore’s industrial sector has garnered a reputation of being the most resilient among all REIT asset classes.
SINGAPORE (Mar 19): ESR REIT has been a victim of the global REIT sell-off, with its share price plunging some 56% since the beginning of the Covid-19 outbreak on Jan 24.
Although S-REITs have only shed some 30% in comparison, analysts are optimistic that ESR REIT is in a strong position to overcome the turbulent phase.
