June Quarter Earnings Schedule for S-REITs
Tomorrow, SPH REIT will kick off the June quarter financial reporting season for the 36 constituents of the SGX S-REIT Index, reporting its 3Q fiscal year 2017 results. ESR REIT and Soilbuild Business Space REIT will report their 2Q fiscal year 2017 results later this week. The SGX S-REIT Index generated a total return of 16.2% in the year-to-date. The 36 trusts averaged a year-to-date return of 16.9%, while maintaining an average distribution yield of 6.4%. The three best performers in the year-to-date were Croesus Retail Trust (+47.3%), CDL Hospitality Trusts (+27.9%) and Lippo Malls Indonesia Retail Trust (+25.6%).