REITS going to continue roaring? ๐ฅ
Institutional investors โ who were net sellers of S-Reits in the first two quarters of 2024 โ became net buyers in Q3, with some S$147.6 million of net inflows to the sector. Mapletree Pan Asia Commercial Trust saw the highest amount of net institutional buying during the quarter, with some S$92.4 million of net inflows.
The picture was reversed for retail investors, who had been net buyers during the first half of 2024. They capitalised on the recent market upswing, and net sold some S$128.1 million of S-Reits between July and September. Suntec Reit was the Reit with the highest net selling by retail investors, with S$82.1 million in net outflows.
Retail investors remain overall net buyers of S-Reits for the year to Sep 30, with some S$853.1 million of net inflows.
With central banks moving towards a rate-cut cycle, market expectations are for better days for the S-Reit sector.
Source: https://www.sgx.com/research-education/market-updates/20241007-reit-watch-s-reits-log-best-quarterly-performance-2020