Are you looking for Singapore REITs at 52 Week Low in October 2023? Update: this reflects market conditions from October 2023. For current REIT picks and yields, see my latest Singapore REITs roundup. With the continuous interest rate hikes, REITs have been suffering. There is a higher chance of the Federal Reserve delivering another interest rate hike in December 2023. Recent released data showed that consumer prices rose more than expected in September.
The ongoing China property market crisis had also added pressure on REITs. As a result, REITs with assets in China and Hong Kong are beaten down as investors lose their confidence. For example, Mapletree Pan Asia Commercial Trust and CapitaLand China Trust with assets in China and Hong Kong have been badly beaten down.
Fresh turmoil also emerged. Last week, Oil prices rocket to $90 a barrel as the Israel and Hamas conflict causes tensions to the commodities market. The instability injected fresh volatility into the global stock market, rocking share prices of REITs.
With Federal Reserve rate hikes, China Property Crisis and Israel-Hammas Conflict, these 3 major events open up fresh opportunities in the stock market.
As usual, I used my preferred stock screener from Stocks Café to quickly pull out the below Singapore REITs are trading at or near their 52 week low.
It is important for you to know that you should not buy the stock solely based on the current dividend yield or just because they are trading at their 52 week low. The screening only provide you a shorter list to analyse further.
Singapore REITs at 52 Week Low in October 2023
What Does It Mean When a REIT Hits a 52-Week Low?
A 52-week low simply means the counter is trading at its cheapest price over the past year. For income investors, this often shows up as a higher dividend yield, since yield rises as price falls. But a low price alone isn’t a buy signal — it can also reflect real problems, like exposure to a struggling China property market or rising interest expenses on a REIT’s debt.
Before acting on any of the names above, it’s worth digging into the individual REIT’s financial results, debt profile, and portfolio quality. My guide to Singapore stock screening walks through the tools I use to shortlist REITs before doing that deeper research.