These are the five worst-performing real estate stocks on the SGX so far this year

One counter has slipped by over 20%.

The largest real estate players on the SGX have endured a rough patch in past months, with the 20 biggest real estate counters averaging a 0.2% decline in dividend inclusive returns in the year thus far.

However, some companies have fared worse than others when it comes to overall year-to-date returns.

According to data released by the SGX, City Developments the worst performer among the largest real estate stocks, with its total year-to-date return down by a whopping 20.1%. CityDev has a three-year return of -25.9% and an indicative dividend yield of 1.0%.

CapitaLand Commercial Trust and Keppel REIT were tied at second place, with both office REITs reporting a 15.3% decline in total year-to-date returns. CCT has a three-year return of 4.2% and an indicative dividend yield of 6.1%, while Keppel REIT has a three-year return of -2.0% and an indicative dividend yield 6.9%.

Suntec REIT came in third with a total year-to-date return of -11.6%. Over the past three years, Suntec has a total return of 20.1%. Meanwhile, Mapletree Logistics Trust reported a -8.2% decline in total year-to-date return.

On the other hand, the undisputed best performer in terms of total YTD return is Hong Kong Land Holdings, which boasts a 22.3% total year-to-date return. Other good performers include Fortune REIT and Mapletree Industrial Trust.

Join Singapore Business Review community
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!

The partnerships aim to improve care delivery and patient outcomes.
The KoolLogix cooling system for data centres uses passive heat extraction and removal.
This is the first-of-its-kind collaboration between an index provider and an airport group.
The new initiative is targeted towards offering greater savings and flexibility.
Mapletree Logistics Trust was seen with the most growth.
Flexibility, specificity, and customer-centred approaches prove to be the edge in today’s enterprise application software companies.
The list is from Investigoal, which gave Singapore a score of 8. 
It won't push through with the acquisition of the majority of stake in a Vietnam property firm.
DBS Country Head Shee Tse Koon has apologised for the disruptions.
Only two in five Singaporean internet users are aware of NFTs.
October postings were up by 76% from February 2021.
Three of the four initiatives were spearheaded by Enterprise Singapore.
The agreement comprises two payments.
MTI cited four downside risks that will affect the economy's growth next year.