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Top three China REITs averaged total return of 25.3% in 9M

Sasseur REIT leads the pack with a return of 33.6%.

The three best-performing listed REITs that have reported most of its revenues to China have shown an average total return of 25.3% over the 9M2019 period, according to an SGX report.

Of this figure, Sasseur REIT led the pack with a return of 33.6%, followed by CapitaLand Retail China Trust at 21.3% and Mapletree North Asia Commercial Trust at 21.1%.

There are six listed REITs on SGX that have posted more than half their total revenues to China, having a combined market capitalisation of over $8b and an average total return of 16.8% over the same period, bringing their one-year and three-year total returns to 14.2% and 18.6%, respectively.

These six have also averaged a 12-month dividend indicated yield of 7.4% and a price-to-book ratio of 0.8x.

SGX also recently reported that the top five FTSE ST China Index constituents have hit average total returns to 24.5% YTD, with Sasseur REIT leading at 34.4%. This is followed by Hi-P International at 31.5%, Wilmar International at 22.6%, CapitaLand Retail China Trust at 20.6% and China Aviation Oil at 13.2%.

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