Singapore’s retail REITs posted average price gains of 7% YTD

Which were the best performers?

There are eight Retail Real Estate Investment Trusts listed on Singapore Exchange (SGX), with a combined market capitalisation of S$22.3 billion.

According to SGX, these eight Retail REITs generated an average 6.6% price gain in the year thus far and 16.2% over the last 12 months. Including dividends, their average 1-year total return came up to 22.6%.

The five best performers year-to-date were Mapletree Commercial Trust, CapitaMall Trust, Fortune REIT, Frasers Centrepoint Trust and Starhill Global REIT. These five REITs have a combined market capitalisation of S$17.4 billion and averaged an 8.4% YTD gain. Mapletree Commercial, Frasers Centrepoint, CapitaMall have all their assets located in Singapore, while more than 70% of Starhill’s portfolio is based in Singapore.

According to SGX, the retail REIT sector includes companies or trusts engaged in the acquisition, development, ownership, leasing, management and operation of shopping malls, outlet malls, neighbourhood and community shopping centres.
 

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