Logistics And Diversified REITs Fill Asia Pacific’s Top 10 Best Performing REITs List For 2020

January 22, 2021 – Unsurprisingly, REITS with logistics and diversified portfolios were the top gainers in Asia Pacific in 2020. 

Australia’s Goodman group was the best performing with its listed units up 58.02% for the year. According to its annual report, the company’s top three global customers by net income last year were Amazon, Deutsche Bank (DHL) and Japan Post.

This was followed by Singapore’s Lendlease Global Commercial REIT, which owns prime retail mall 313@Somerset in Singapore, and two other freehold office assets in Milan. Lendlease Global Commercial REIT listed units climbed 44.08% in 2020.

Keppel DC REIT, which operates and owns data centres, was in third place with a 40.77% increase in the year.

Korea’s economy also bolstered the performance of Lotte REIT, which grew 39.37% while Taiwan’s Fubon No 2 REIT gained 35.6% during the period.