Tuesday, February 10, 2015

5 most active Singapore REITs by turnover since October

  • There are 34 trusts that make up Singapore’s REIT Sector - they have a combined a market cap of S$69 billion and averaged a 3.5% gain in January.
  • The five most active REITs by turnover over the past three months were Suntec REIT, Ascendas REIT, CapitaMall Trust, CapitaCommercial Trust and the recently listed Keppel DC REIT
Real Estate Investment Trusts (REITs) invest in a wide range of diversified real estate assets such as office, residential, retail, hospitality, industrial properties or hi-tech parks. The income generated by these properties are distributed to the investors as dividends.

There are 34 Trusts listed on Singapore Exchange (SGX) classified to the Real Estate Investment Trusts (REIT) by the Global Industry Classification Standard (GICS®). This is made up of 28 REITS governed by the Collective Investment Scheme and six stapled securities. They have a combined a market capitalisation of S$68.9 billion and they averaged a 3.5% in year-to-date total return. As noted in APREA’s white paper last year since the launch of the first J-REIT in September 2001, the market capitalisation of Asian REITs exceeds US$140 billion.

The five most active REITs by turnover over the past three months were Suntec REIT, Ascendas REIT, CapitaMall Trust, CapitaCommercial Trust and the recently listed Keppel DC REIT. In the month of January these five REITs averaged a 2.6% gain. The table below details the 34 trusts sorted according to the most active by turnover over the past three months. Since the end of October 2014, the FTSE ST REIT Index generated a total return of 5.7%.


Suntec REIT
Suntec Real Estate Investment Trust is a real estate investment fund managed by ARA Trust Management (suntec) Limited. The fund invests in real estate and real estate-related assets that are primarily used for retail or office purposes. Suntec Real Estate Investment Trust was formed on November 01, 2004 and is based in Singapore, Singapore. On 22 January 2015, the Trust reported that their gross revenue for the financial year ended 31 December 2014, increased by 20.6% to S$282.4 million (click here to view). The Trust went ex-dividend on 28 October 2014, distributing S$0.02328 (S$0.0044 + S$0.0004 + S$0.01848) per unit in dividends.

Ascendas REIT
Ascendas Real Estate Investment Trust is a real estate investment trust launched and managed by Ascendas Funds Management (S) Limited. The fund invests in the real estate markets of Singapore and China. It invests in business and science Parks properties, Hi-Specs Industrial properties/Data Centres, Light Industrial properties/Flatted Factories, Logistics & Distribution Centres, and Warehouse Retail Facilities. Ascendas Funds Management (S) Limited was formed on October 9, 2002 and is based in Singapore, Singapore. On 22 January 2015, the Trust reported that their revenue for the financial period ended 31 December 2014, increased by 9.3% to S$500.0 million (click here to view). The trust went ex-dividend on 29 October 2014, distributing S$0.001 per unit in dividends.

CapitaMall Trust
CapitaMall Trust (CMT) is a publicly owned real estate investment arm of CapitaLand Ltd. The firm invests in income producing retail properties. It invests in the real estate markets of Singapore. CapitaMall Trust was founded in October, 2001 and is based in Singapore. On 23 January 2015, the Trust reported that their revenue for the financial year ended 31 December 2014, increased by 3.3% to S$658.9 million (click here to view). The trust went ex-dividend on 24 October 2014, distributing S$0.0272 per unit in dividends.

CapitaCommercial Trust
CapitaCommercial Trust is a publicly owned real estate investment fund. The fund invests in real estate and real estate-related assets, which are primarily used for commercial purposes in Singapore. Its portfolio primarily consists of office buildings. On 21 January 2015, the Trust reported that their gross revenue for the financial year ended 31 December 2014, increased by 4.6% to S$240.3 million (click here to view).

Keppel DC REIT
Keppel DC REIT is a real estate investment trust launched and managed by Keppel DC REIT Management Pte. Ltd. It invests in the real estate markets across Asia-Pacific and Europe. The fund acquires income producing data centre properties. Keppel DC REIT is based in Singapore and  was listed on 12 December 2014.

Source: My Gateway
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