2023 Recap | Top S-REITs Gainers and Losers

$DigiCore Reit USD(DCRU.SG)$ has achieved the largest increase among S-REITs, rising by more than 24% year-to-date, followed by $Mapletree Ind Tr(ME8U.SG)$ and $AIMS APAC Reit(O5RU.SG)$ with gains of approximately 16% and 14% respectively.

According to the latest report from DBS Research, $DigiCore Reit USD(DCRU.SG)$'s exposure to Cyxtera Technologies has been unwound and is now back on track to deliver more resilient earnings. Additionally, the low gearing of $DigiCore Reit USD(DCRU.SG)$ supports its flexibility in considering increasing its shares in Frankfurt DC and Osaka DC in the future. Furthermore, a series of share buyback strategies adopted by the company demonstrate its confidence in Reit's performance.

On the other hand, $ManulifeReit USD(BTOU.SG)$ has experienced a significant decline since 2023, falling sharply by over 71.28%, marking the largest drop among all S-REITs. Similarly, $Lippo Malls Tr(D5IU.SG)$ also fell by more than 45% throughout the year.