,Singapore

S-REITs drew $311.7m net inflows in 8M19

Mapletree Commercial Trust registered an inflow of $45.8m.

S-REITS were the top net buy sector in August after garnering total institutional flows of $124.6m during the month, bringing the sector’s total net inflow to $311.7m for the first eight months of the year, SGX data revealed.

Also readInvestors pool cash into S-REITs amidst dovish Fed stance

So far, the sector saw the highest inflows in April and July at $147.9m and $209.2m, respectively.

Mapletree Commercial Trust was the top institutional net buy amongst REITs in August, registering an inflow of $45.8m. In a statement, FTSE Russel announced that Mapletree will join the benchmark Straits Times Index (STI) starting on 23 September, replacing Hutchison Port Holdings Trust, following the September quarterly review of the STI constituents.

Along with Mapletree, CapitaLand Commercial Trust ($39.5m), Ascendas REIT ($38.5m) and CapitaLand Mall Trust ($26.9m) accounted for four of the top 10 institutional net buy stocks during the month.

Meanwhile, the iEdge S-REIT Index--a free-float, market capitalisation-weighted index that tracks the performance of REITs listed on SGX--has clocked total returns of 25.5% YTD. Collectively, the iEdge S-REIT Index's 36 constituents have a combined market capitalisation of nearly $100b.

Also read: S-REITs DPU to grow 2% in 2020

SGX named the five constituents with the highest dividend indicated yields in the iEdge S-REIT Index to be Lippo Malls Indonesia Retail Trust (10.4%), First REIT (8.6%), Soilbuild Business Trust (8.6%), EC World REIT (8.3%), and iREIT Global (7.9%). Accordingly, these five trusts averaged an indicated yield of 8.8%, which is more than double the benchmark STI's indicated yield of about 4%.

On the other hand, the five index constituents with the lowest indicated yields were CapitaLand Commercial Trust (4.1%), Mapletree Commercial Trust (4.1%), Keppel DC REIT (4.2%), Parkway Life REIT (4.2%), and CapitaLand Mall Trust (4.4%). These trusts have averaged an indicated yield of 4.2%.

In the YTD terms, the five best-performing constituents of the index were Ascendas Hospitality Trust (+45.3%), Mapletree Commercial Trust (+40.8%), Ascendas India Trust (+39.1%), Keppel DC REIT (+38.3%) and Lippo Malls Indonesia Retail Trust (+34.9%). The five have averaged a total return of +39.7% in the YTD, bringing their one-year and three-year total returns to +31.7% and +53.4% respectively, noted SGX.

In contrast, the five least-performing constituents of the index: Soilbuild Business Trust (-0.7%), Frasers Hospitality Trust (+4.6%), ESR-REIT (+6.6%), iREIT Global (+10.9%) and EC World REIT (+11.6%). SGX data revealed that they averaged a positive 6.6% total return over the period.
 

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!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.