
COTD: Over 90% of Singapore REITs invest overseas
Singapore also has the largest exposure in the Pan-Asian market
Singapore has 41 REITs and Property Trusts with a combined market capitalisation of $99b, representing approximately 12% of the country’s overall listed stocks and making it one of the largest markets in Asia, according to the Singapore Exchange (SGX).
Of these REITs and Property Trusts, over 90% or 37 trusts hold overseas assets, with 25% of diversified REITs managing properties across multiple sub-segments.
Industrial and retail REITs each account for 25%, followed by office and hospitality REITs at 13%.
In addition, 23 Singapore trusts have exposure to the Pan-Asian market, the largest in the region.
Meanwhile, 20 Singapore trusts have exposure to the EU and UK combined, 13 in Australia, six in the US, and two in New Zealand.