REITs
The Singapore Real Estate Investment Trust (REIT) market has established itself as one of the most robust and diverse in the Asia-Pacific region. Since the introduction of the first REIT in Singapore in 2002, the market has grown rapidly, attracting both local and international investors.
Singapore’s REIT sector provides investors with opportunities to gain exposure to a broad range of real estate assets, from retail and office spaces to industrial and logistics properties, hospitality, and even healthcare facilities.
The S-REIT sector’s signal of easier interest rates is welcome. How can S-REITs fortify themselves against future challenges? What lessons have we learnt from the latest crisis?
A QnA with Nupur Joshi, CEO of REITAS (REIT Association of Singapore)
Elite UK REIT’s name change from Elite Commercial REIT in May has heralded a host of improvements. Under the guidance of Josh Liaw, CEO of the manager since mid-2023, Elite UK REIT has earned praise from analysts for its expanded investment mandate and operational improvements.
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Reiterated
OUE REIT is in the plum position of owning nearly all Singapore-based assets, with just a single building in Huaihai Zhong Road, Shanghai. Its revenue is almost evenly split between office (50.2%) and hospitality and retail (49.8%). This diversified portfolio of high-quality assets has enabled the REIT to provide income resiliency and attractive return.
With a focus on logistics properties, ESR-LOGOS REIT J91U (E-LOG) entered Japan in the latter half of 2022 by acquiring the ESR Sakura Distribution Centre in Chiba, Greater Tokyo.
Following its listing in 2007, CapitaLand India Trust CY6U (CLINT) remains the Singapore Exchange S68’s most liquid proxy for investing in India. As at mid-August this year, it has delivered a dividend yield of 6.7% and total shareholder return since listing of 6.3%. Its portfolio has grown more than five times to a total completed floor area of 21.8 million sq ft.
One of the most recognisable buildings in Beijing — and there are many — is CapitaMall Xizhimen, located near the western part of Beijing’s 2nd Ring Road and in a university area. The mall is the largest asset in CapitaLand China Trust AU8U’s (CLCT) portfolio by value. As at 1HFY2024, its occupancy stood at 99.1%.
As at Aug 29, Digital Realty’s share price is up 11.1% this year, and 14.7% over a one-year period. In contrast, Digital Core REIT (DC REIT) is down 7.0% this year, but up 12.2% over a one-year period.
Lendlease Global Commercial Trust (LREIT) celebrates its fifth listing anniversary, marking a significant milestone in its journey of growth and success.
In recent years, 20 cents of every dollar traded daily on the Singapore stock market has been invested in the S-REIT sector. The local and broader REIT sector has also been a cornerstone of the 20 Exchange Traded Funds (ETFs) that have debuted in the Singapore market since 2020.
Two REITs Investment Forums were hosted by The Edge Singapore on Aug 21 and Aug 28 as part of the “REITs Reiterated” supplement. The events brought together experts to discuss the future of real estate investment trusts (REITs) amid a changing economic landscape.