Hence, industrial REITs are expected to be heavily weighted in REIT funds.”He points out that only two M-REITs are solely focused on the industrial sector — Axis REIT and Atrium REIT. Meanwhile, for industrial REITs, the segment has been steady all along, backed by exceptional growth of the e-commerce sector that was seen during the pandemic,” it adds. “We also favour Sunway REIT for its diversified investment portfolio, which includes retail malls, hotels, offices, a university and a hospital. At its closing price, the REIT’s distribution yield is about 3.9%. On whether it is a good time to buy M-REITs, Choo says REIT investors are in it for the distribution yields and defensive nature of the sector.

Source: The Edge Markets April 26, 2021 06:11 UTC