Singapore?s stock market is home to a growing number of real estate investment trusts. Apart from REITs with local assets, more and more REITs with international assets are also choosing Singapore as the place to list.
I thought it?d be interesting have an overview of the 10 largest REITs in Singapore by market capitalization. These are the blue chips of the S-REITs. In this article, I?d be looking at the first to fifth largest REITs, starting with the fifth. For the sixth to the tenth, check out here.
Countdown to No.1
The privately-held Mapletree Investments is one of the largest property…
Singapore’s stock market is home to a growing number of real estate investment trusts. Apart from REITs with local assets, more and more REITs with international assets are also choosing Singapore as the place to list.
I thought it’d be interesting have an overview of the 10 largest REITs in Singapore by market capitalization. These are the blue chips of the S-REITs. In this article, I’d be looking at the first to fifth largest REITs, starting with the fifth. For the sixth to the tenth, check out here.
Countdown to No.1
The privately-held Mapletree Investments is one of the largest property companies in Singapore. Given its heft, it would not be surprising to see that it is also one of the most active sponsors of Singapore-listed REITs. In fact, of the market’s 10 largest REITs, Mapletree is the sponsor of four of them.
In any case, here are the first to fifth largest REITs in Singapore.
In fifth place is Mapletree Commercial Trust (SGX: N2IU), the largest of the aforementioned four REITs that are part of the Mapletree group. Mapletree Commercial Trust has a market capitalization of S$4.0 billion and focuses on commercial properties, with a mix of retail and office buildings, in Singapore. The REIT offers a yield of 5.8% at the moment and its portfolio comprises five properties now.
In fourth place, we have Suntec Real Estate Investment Trust (SGX: T82U), which has a market capitalisation of S$4.2 billion and offers a 6.1% yield. The REIT owns commercial properties in Singapore, with its key asset being its 60.8% stake in Suntec City. It also has two properties in Australia, a commercial development and an integrated development.
In third spot is CapitaLand Commercial Trust (SGX: C61U). The REIT owns some of the most premium commercial properties in Singapore and has 10 properties in its portfolio (as of 30 September 2016). It also owns a minority stake in MRCB-Quill REIT, a Malaysia-listed commercial REIT. CapitaLand Commercial Trust has a market capitalisation of S$4.4 billion and offers a 5.9% distribution yield.
In the runner-up position is the largest industrial REIT in Singapore, Ascendas Real Estate Investment Trust (SGX: A17U). It has a market capitalisation of S$6.6 billion and has a large portfolio of industrial properties mainly in Singapore and Australia. More specifically, Ascendas REIT has over 100 properties in Singapore, and 27 in Australia. It also has one business park property in China. The REIT currently offers a yield of 6.7%.
Finally, in first place, is CapitaLand Mall Trust (SGX: C38U). The S$6.7 billion REIT has 16 retail properties in Singapore – such as Plaza Singapura and Raffles City Singapore – and owns a minority stake in the China-focused CapitaLand Retail China Trust (SGX: AU8U). CapitaLand Mall Trust is also the first REIT to be listed in Singapore and now offers a 5.9% yield to investors.
I had shared the link for my overview of the sixth to tenth largest REITs in Singapore earlier, but here it is again.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended CapitaLand Mall Trust. Motley Fool Singapore writer Stanley Lim does not own shares in any companies mentioned above.