Top 3 S-REITs' returns hit 26.9% in 2019

These trusts also collected a combined market cap of over $20b.

The three best-performing S-REITs saw an average total return of 26.9% in 2019, according to an SGX report. This brought its one-year and three-year total returns to 18.3% and 53.6%, respectively.

The three S-REITs are CapitaLand Commercial Trust (CCT), Mapletree Commercial Trust (MCT) and Suntec REIT, based on their market capitalisation, which combined amounts to over $20b.

In addition, it garnered $82.8m of average net property income in Q4, rising 8.4% YoY. These three trusts’ average gross revenue also grew 9.7% YoY to S$111.9m. In terms of distribution per unit (DPU), CCT leads at $0.0228, followed by MCT at $0.0246 and Suntec at $0.0247. They collected an average DPU of $0.0236.

The three REITs also averaged an aggregate leverage ratio of 35.4% as of Q4, compared to an average of 35.1% in Q3. Suntec REIT had the highest aggregate leverage ratio of 37.7%, whilst MCT had the lowest gearing of 33.4%.

Interest cover for the trio averaged 4.3 times in Q4, versus 4.5 times in Q3. CCT leads with its interest coverage ratio of 5.6 times, followed by MCT at 4.4 times.

Overall, Singapore listed 35 REITs, six stapled trusts and two property trusts. These trusts contributed 24% to day-to-day turnover of SGX over 2019. The 43 trusts maintained a combined market value of more than $111.9b, representing 12% of Singapore's stock market capitalisation of $937.8b over the same period.

Also Read

HDB rents increase by 0.6% MoM in March

Condo rents see modest rise in March, up 0.3% MoM

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit