While industrial REITs have fared better this year than other sectors in price performance and also in their DPU performances, ESR-REIT and Sabana Shariah Compliant Industrial REIT are trading below their NAV per unit.
The REITs with the highest price to net asset value (P/NAV) ratios have been fairly constant this year. Four of them are industrial REITs: Keppel DC REIT, Mapletree Industrial Trust, Mapletree Logistics Trust, and Ascendas REIT. The fifth REIT is ParkwayLife REIT on which we have a longer story this week.
