,Singapore

Top 5 S-REITs averaged total return of 8.5% in 2020 YTD

Ascendas REIT leads the pack with a net institutional inflow of $69.1m.

The five best-performing S-REITs posted an average total return of 8.5% in 2020 YTD, which outpaces the benchmark total returns, according to an SGX report.

Ranked based on their net institutional inflow, Ascendas REIT led its peers at a $69.1m. This is followed by MapleTree Logistics Trust at $25.1m, Frasers Commercial Trust $18.3m, Frasers Logistics & Industrial Trust at $17.3m and Keppel REIT at $15.2m.

Overall, REITs continued to maintain turnover growth in the 2020 YTD, with 43 property trusts generating 26% of the stock market’s $1.23b average daily turnover. This compared to the REIT sector contributing 24% to Singapore’s overall stock market turnover in 2019.

Based on their respective 2019 turnovers, trusts with the highest turnover growth, included Prime US REIT, Dasin Retail Trust, Keppel Pacific Oak US REIT, CDL Hospitality Trust & Manulife US REIT.

Although not ranked in the top five by net institutional inflow, SGX noted that sixth placer Keppel DC REIT’s performance, which was said to be parallel with the world’s fifth biggest REIT Equinix. The trust generated a 22.2% total return in 2020 YTD, making it the strongest performer of Singapore’s REIT Sector for the period.

Similarly, in the 2020 year-to-date, Equinix Inc has gained 16.8% in SGD terms, and for its FY2019, increased its annual revenue by 10% from FY2018. Since listing in December 2014, Keppel DC REIT units have generated a 180% gain, whilst shares of Equinix Inc gained 200%.

Taking dividend distributions into account, Keppel DC REIT generated a 264% total return, similar to Equinix Inc’s 248% total return in SGD terms.

In 2019, the 43 listed trusts generated an average total return of 3.5%. 

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!

Venture, Genting Singapore and Keppel Corporation showed the most growth.
Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
It is followed closely by the identification app SingPass.
The index tracks REITs in the APAC region with higher dividend yields and positive environmental attributes.
Both companies will create training programs to support digital entrepreneurship and digital upskilling for Grab partners.
The deal is focused on M1’s network assets. 
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
Risks, however, are present with the financial troubles faced by the real estate sector in China. 
This comes as more Singaporeans turn to gaming in the midst of the pandemic. 
Retail sector has experienced the “most disruptions” with the changing restrictions.
The company was commended for being a global and regional sector leader in five categories.
The CEO designate said he aims to drive development in the company’s business units.   Gary Ho,  who played an instrumental role in the Initial Public Offering (IPO) of Nanofilm Technologies International Limited, has been appointed Chief Executive Officer of the company.
Analysts said strong leasing activity in Q3 played a factor.
Islandwide prime retail rents saw a dip by 0.6% q-o-q.