SPH REIT is by far one of the most resilient REIT that I have ever seen. Since selling my IPO share at $0.98, the lowest it gets is about $0.97 which is beyond my expectation. Moreover, it continually priced itself at a yield which is one of the lowest among the retail REITs. Its price-to-book ratio is still at a premium of 10%.
Although it is resilient, I am not too sure why it is resilient. Even CapitaMall experienced price fluctuation along with the market. With its statistics, I am not keen to invest in it. It may be safe and good, but the pricing is not right.
I am looking at other REITs to place some of my money in instead of this.