Chart of the Day: Mapping SREITs’ investments across Asia from 2012-2014

Singapore’s real estate market is just too small.

SREITSs have struggles with the size of the country’s real estate market, prompting companies to expand investments across Asia.

According to PricewaterhouseCoopers' 2015 Asia Pacific Real Estate outlook report the logical path for SREITs has been to look elsewhere to acquire asset.

"Investors have therefore reported SREITs kicking tires of assets all over the region, from major markets such as Japan, Australia, and China to emerging economies such as the Philippines, Indonesia, and Vietnam,” the report says.

Between 2012 and 2014, about 66% of SREITs' acquisitions were overseas, totaling approximately S$10.89 billion, according to SNL data.

Among the SNL-covered SREITs, about 27% of the companies had all of their assets located only in Singapore as of Feb. 3, while about 18% of them had all of their assets located abroad, including two of the top three companies by one-year total returns through Feb. 3. More than half of the SREITs have both domestic and international exposure.

About S$1.08 billion of the property acquisitions of SNL-covered Singapore REITs between 2012 and 2014 were in Japan, with 47 properties, according to SNL data. The PricewaterhouseCoopers report noted that SREITs' investments across Asia are set to continue, due to the success of their portfolios thus far.

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