Skip to main Content
Site Search

Advanced Search

  • Mondo Visione
  • Mondo Visione - Worldwide Exchange Intelligence
Member Login

Member Login

Forgotten your password?

SGX S-REIT 20 Index Has Gained 7% In 2016 YTD

Date 11/04/2016

  • The SGX S-REIT 20 Index has generated a 6.5% in total return in the year to date. This compares to 35 trusts that make up the REITS Sector which averaged a 3.5% total return over the same period.
  • In the next four weeks, as many as 32 trusts from the REIT Sector are expected to release their earnings for the latest financial quarter. SPH REIT released its FY2016 second quarter earnings last Monday, announcing a 0.9% YoY increase in net property income. The REIT’s portfolio as at 31 August 2015 comprised two retail properties totalling S$3.2 billion in value.
  • The 35 trusts average an indicative dividend yield of 7.3%. Of the 35 trusts, the five highest yielding trusts have been Cache Logistics Trust (9.9%), Viva Industrial Trust (9.8%), OUE Hospitality Trust (9.8%), Lippo Malls Indonesia Retail Trust (9.4%) and Sabana Shari'ah Compliant Industrial REIT (9.2%).
  •  

Real Estate Investment Trusts (REITs) raise capital to purchase primarily real estate assets, usually with a view to generating income for unit holders of the fund. This allows individual investors to access real property assets, and share the benefits and risks of owning a portfolio of properties, which typically distribute income at regular intervals.  

As discussed last week (click here), the SGX S-REIT 20 Index is an adjusted free-float market capitalisation-weighted index that measures the performance of the 20 largest and most tradable REITs listed on SGX and is a narrow, tradable and well-diversified portfolio allowing highly efficient access into the listed REIT segment in Singapore. The SGX S-REIT 20 Index, which consists of 20 constituents, have a combined market capitalisation of S$52.0 billion. In the year thus far, the Index has gained 6.5% in total return. This compared to an average return of 3.5% for Singapore’s 35 trusts that represent the REITS sector as defined by the Global Industry Classification Standard (GICS®). The SGX S-REIT 20 Index maintains a dividend yield of 6.3% compared to Bloomberg Asia REIT Index dividend yield of 4.6%.

REITs Earning Schedule

In the next four weeks, as many as 32 trusts from the GICS ® Real Estate Investment Trust (REIT) Sector are expected to  release their earnings for the latest financial quarter. Investors can obtain latest earning release information here and subscribe to the weekly economic calendar here for confirmed schedules closer to the event.

SPH REIT released its FY2016 second quarter earnings last Monday, announcing a 0.9% YoY increase in net property income. The REIT’s portfolio as at 31 August 2015 comprised two retail properties totalling S$3.2 billion in value. For the second quarter ended 29 February 2016 financial results, please click here.

Please note that the stapled securities in the table below are CDL Hospitality Trusts, Far East Hospitality Trust, Frasers Hospitality Trust, OUE Hospitality Trust, Ascendas Hospitality Trust and Viva Industrial Trust.  Securities are referred to as stapled trusts as the one listed security is made up of two trusts - a REIT and a Business Trust. The table below details the confirmed and estimated dates when Singapore trusts release their earnings. Note that clicking on a trust name will take you to its relevant page on SGX StockFacts.

Name SGX Code Market Cap in S$M Total Return YTD % Dvd Ind Yld % Date

Confirmed/

Estimated/

Released

Period
CapitaLand Mall Trust C38U 7,544 12.0 5.3 4/15/2016 Confirmed Q1 2016
Ascendas Real Estate Investment Trust A17U 6,119 4.4 6.6 4/22/2016 Estimated 4Q 2015/16
CapitaLand Commercial Trust C61U 4,241 9.9 6.0 4/15/2016 Confirmed Q1 2016
Suntec REIT T82U 4,157 8.0 6.1 4/22/2016 Estimated Q1 2016
Keppel REIT K71U 3,240 9.6 6.8 4/14/2016 Confirmed Q1 2016
Mapletree Commercial Trust N2IU 3,003 10.2 5.8 4/26/2016 Confirmed 4Q 2015/16
Mapletree Industrial Trust ME8U 2,899 7.9 6.8 4/25/2016 Confirmed 4Q 2015/16
Fortune REIT F25U 2,731 2.9 6.0 5/6/2016 Estimated Q1 2016
Mapletree Greater China Commercial Trust RW0U 2,647 4.9 7.2 4/27/2016 Confirmed 4Q 2015/16
Mapletree Logistics Trust M44U 2,515 4.0 7.4 4/29/2016 Confirmed 4Q 2015/16
SPH REIT SK6U 2,398 1.9 5.8 4/4/2016 Released 2Q 2015/16
Frasers Centrepoint Trust J69U 1,831 9.8 5.9 4/22/2016 Confirmed 2Q 2015/16
Ascott Residence Trust A68U 1,787 -3.7 7.4 4/15/2016 Confirmed Q1 2016
Starhill Global REIT P40U 1,712 5.9 6.5 4/22/2016 Confirmed 3Q 2015/16
Parkway Life REIT C2PU 1,470 5.9 5.5 4/26/2016 Confirmed Q1 2016
CDL Hospitality Trusts J85 1,296 3.1 7.7 4/29/2016 Confirmed Q1 2016
CapitaLand Retail China Trust AU8U 1,236 0.8 7.3 4/13/2016 Confirmed Q1 2016
OUE Hospitality Trust SK7 1,193 -4.3 9.8 5/6/2016 Estimated Q1 2016
Far East Hospitality Trust Q5T 1,165 -0.5 7.2 4/13/2016 Estimated Q1 2016
Frasers Hospitality Trust ACV 1,081 5.3 7.7 4/29/2016 Estimated 2Q 2015/16
Frasers Commercial Trust ND8U 1,027 4.5 7.5 4/21/2016 Confirmed 2Q 2015/16
Keppel DC REIT AJBU 945 8.9 6.4 4/13/2016 Confirmed Q1 2016
First Real Estate Investment Trust AW9U 942 4.3 6.8 4/18/2016 Confirmed Q1 2016
Lippo Malls Indonesia Retail Trust D5IU 925 5.8 9.4 5/6/2016 Estimated Q1 2016
AIMS AMP Capital Industrial REIT O5RU 867 1.5 8.3 4/29/2016 Estimated 4Q 2015/16
OUE Commercial REIT TS0U 845 3.8 6.7 5/6/2016 Estimated Q1 2016
Cache Logistics Trust K2LU 764 -4.8 9.9 4/22/2016 Confirmed Q1 2016
Ascendas Hospitality Trust Q1P 761 -8.1 7.7 5/6/2016 Estimated 4Q 2015/16
Cambridge Industrial Trust J91U 717 -0.5 8.7 4/22/2016 Estimated Q1 2016
Soilbuild Business Space REIT SV3U 699 -1.1 8.7 4/14/2016 Confirmed Q1 2016
Viva Industrial Trust T8B 617 1.6 9.8 4/22/2016 Estimated Q1 2016
Sabana Shari'ah Compliant Industrial REIT M1GU 477 -7.0 9.2 4/18/2016 Confirmed Q1 2016
IREIT Global UD1U 429 5.9 8.7 5/6/2016 Estimated Q1 2016
BHG Retail REIT BMGU 394 0.0 N/A 5/15/2016 Estimated Q1 2016
Saizen REIT T8JU 25 11.2 N/A 5/12/2016 Estimated 3Q 2016
Average     3.5 7.3      

Source: SGX, Bloomberg & SGX StockFacts (data as of 8 April 2016), * Saizen Real Estate Investment Trust announced a special distribution of SGD 1.056 per unit to unitholders which went ex-dividend on 11 March.

The 35 trusts averaged a dividend yield of 7.3%. Of the 35 trusts, the five highest yielding trusts have been Cache Logistics Trust (9.9%), Viva Industrial Trust (9.8%), OUE Hospitality Trust (9.8%), Lippo Malls Indonesia Retail Trust (9.4%) and Sabana Shari'ah Compliant Industrial REIT (9.2%).