, Singapore

These are the worst-performing retail REITs on the SGX

Half of retail REITs posted negative returns.

The eight retail REITs listed on the SGX posted an average year-to-date return of 1.4%, according to a report by the SGX.

The four worst-performing REITs in terms of total year-to-date returns are SPH REIT, Lippo Malls Indonesia Retail Trust, CapitaLand Retail China Trust, and Mapletree Commercial Trust.

SPH REIT has a total YTD return of -4.7%, while Lippo Malls Indonesia Retail Trust has a total YTD return of -3.7%.

CapitaLand Retail China Trust has a total YTD return of -1.2%, while Mapletree Commercial Trust has a total YTD return of -1.1%.

In contrast, the three best performers of the eight in the year thus far were Fortune REIT, Frasers Centrepoint Trust and Starhill Global REIT, averaging a total return of 7.0%.

The eight Retail REITs have a combined market capitalisation of S$20.3 billion, and make up 32.6% of Singapore’s REIT Sector by market capitalisation.
 

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