• 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, outperforming the S&P Asia Pacific REIT Index and MSCI World REIT Index, which generated total returns of -2.7 % and -2.9% respectively in SGD terms.

• The 36 trusts averaged a year-to-date return of 16.9%, while maintaining an average distribution yield of 6.4%. Of these 36 trusts, 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%).

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 has 36 constituents, comprising 27 REITs, six Stapled Trusts and three Property Trusts, with a combined market capitalisation of S$75.6 billion. Saizen REIT was suspended on 15 May 2017 and has been removed from the index. It was still a part of the index when the March Quarter’s earning schedule was published, which can be found here.

REITs raise capital to purchase primarily real estate assets, usually with a view to generate income for unit holders of the fund. They allow 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.

The table below details the confirmed and estimated results release dates for the constituents of the SGX S-REIT Index. Click on each stock to visit its profile page on SGX StockFacts.

Source: Bloomberg & SGX (data as of 10 July 2017)

The SGX S-REIT Index generated a total return of 16.2% in the year-to-date, outperforming the S&P Asia Pacific REIT Index and MSCI World REIT Index, which generated total returns of -2.7 % and -2.9% respectively in SGD terms.

The 36 trusts averaged a year-to-date return of 16.9%, while maintaining an average distribution yield of 6.4%. Of these 36 trusts, the five best performers in the year-to-date were Croesus Retail Trust (+47.3%), CDL Hospitality Trusts (+27.9%), Lippo Malls Indonesia Retail Trust (+25.6%), Sabana Shari’ah Compliant Industrial REIT (+24.9%) and Viva Industrial Trust (+24.3%).

In terms of valuations, these trusts averaged Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios of 30.1x and 1.1x respectively, and a Return on Equity (ROE) of 6.3%. The average gearing ratio for these trusts stands at 34.6%.

The table below details the constituents of the SGX S-REIT Index, sorted by market capitalisation. Click on each stock to visit its profile page on SGX StockFacts.

Source: Bloomberg & SGX (data as of 10 July 2017)