1H2020 Earnings of SGX’s 3 Largest US-Focused REITs
Of the REITs listed on SGX, the 3 largest REITs with 100% US assets are Manulife US REIT, Prime US REIT and Keppel Pacific Oak US REIT, with all three focused on the office market. For 1H2020, these three US-focused REITs averaged a DPU of 3.22 US cents, up an average 2.9% y-o-y, and a net property income of US$50.5 million, up 14% y-o-y.