SGX Market Updates

2018 September Quarter S-REITs Earnings Schedule


PUBLISHED ON |

18 October 2018

  • The latest quarterly reporting season for Singapore REITs and Business Trusts began last week, with SPH REIT releasing its results for the year ended 31 Aug 2018. This was followed by Keppel REIT, Keppel DC REIT, and First REIT, which unveiled their 3Q earnings earlier this week.

  • Soilbuild Business Space REIT will report its 3Q results after the close of trading today, while Frasers Commercial Trust will release earnings for its fiscal 4Q on Friday, before the market opens.

  • The iEdge S-REIT Index has 36 constituents, comprising 28 REITs, six stapled trusts and two property trusts. With a combined market capitalisation of nearly S$80 billion, they have averaged a total return of -5.7% in the 2018 YTD, bringing their 12-month and three-year total returns to -2.5% and 24.5% respectively.




The latest quarterly reporting season for Singapore REITs and Business Trusts began last week, with SPH REIT releasing its results for the year ended 31 August 2018. This was followed by Keppel REIT, Keppel DC REIT, and First REIT, which unveiled their third-quarter earnings earlier this week.

Soilbuild Business Space REIT will report its 3Q18 results after the close of trading today, while Frasers Commercial Trust will release earnings for its fiscal 4Q on Friday, before the market opens. Next week, at least another 12 trusts are scheduled to unveil their quarterly results.

The table below details the confirmed, estimated, and released dates of earnings reports by the iEdge S-REIT Index constituents, sorted by date. 


Name Date Date Type Period
SPH REIT 11-Oct-18 Released Y 18
Keppel REIT 15-Oct-18 Released Q3 18
Keppel DC REIT 16-Oct-18 Released Q3 18
First REIT 16-Oct-18 Released Q3 18
ESR-REIT* 17-Oct-18 Estimated Q3 18
Soilbuild Business Space REIT 17-Oct-18 Confirmed Q3 18
Frasers Commercial Trust 19-Oct-18 Confirmed Y 18
Mapletree Logistics Trust 22-Oct-18 Confirmed Q2 19
Sabana Shariah Compliant Industrial Trust 23-Oct-18 Estimated Q3 18
Mapletree Industrial Trust 23-Oct-18 Confirmed Q2 19
Frasers Centrepoint Trust 24-Oct-18 Confirmed Y 18
Suntec REIT 24-Oct-18 Confirmed Q3 18
Ascott Residence Trust 24-Oct-18 Estimated Q3 18
Mapletree Commercial Trust 24-Oct-18 Confirmed Q2 19
Ascendas India Trust 24-Oct-18 Confirmed Q2 19
CapitaLand Mall Trust 25-Oct-18 Confirmed Q3 18
Parkway Life REIT 25-Oct-18 Confirmed Q3 18
Ascendas REIT 25-Oct-18 Confirmed Q2 19
Frasers Hospitality Trust 26-Oct-18 Confirmed Y 18
Cache Logistics Trust 26-Oct-18 Confirmed Q3 18
CapitaLand Commercial Trust 26-Oct-18 Confirmed Q3 18
Viva Industrial Trust* NA NA NA
AIMS AMP Capital Industrial REIT 26-Oct-18 Estimated Q2 19
Mapletree North Asia Commercial Trust 26-Oct-18 Confirmed Q2 19
Starhill Global REIT 30-Oct-18 Confirmed Q1 19
Far East Hospitality Trust 30-Oct-18 Confirmed Q3 18
CDL Hospitality Trust 30-Oct-18 Confirmed Q3 18
CapitaLand Retail China Trust 30-Oct-18 Confirmed Q3 18
OUE Hospitality Trust 1-Nov-18 Estimated Q3 18
Manulife US REIT 2-Nov-18 Estimated Q3 18
Lippo Malls Indonesia Retail Trust 2-Nov-18 Estimated Q3 18
Ascendas Hospitality Trust 5-Nov-18 Estimated Q2 19
Frasers Logistics & Industrial Trust 5-Nov-18 Confirmed Y 18
EC World REIT 8-Nov-18 Estimated Q3 18
IREIT Global 9-Nov-18 Estimated Q3 18
RHT Health Trust 14-Nov-18 Estimated Q2 19

Source: Bloomberg & StockFacts (data as of 17 October 2018)

*The scheme of arrangement for the merger of ESR-REIT and Viva Industrial Trust became effective and binding on 15 Oct 2018, and in accordance with the scheme's terms, Viva's stapled securities are expected to be delisted on 22 Oct.



Performances of iEdge S-REIT Constituents

The iEdge S-REIT Index has 36 constituents, comprising 28 REITs, six stapled trusts and two property trusts. With a combined market capitalisation of nearly S$80 billion, they have averaged a total return of -5.7% in the 2018 year-to-date, bringing their 12-month and three-year total returns to -2.5% and 24.5% respectively.

The table below details the constituents of the iEdge S-REIT Index, sorted by market capitalisation. Click on the stock name to access the SGX StockFacts screener.

Name SGX
Code
Market
Cap
S$m
Total
Return
YTD
%
Total
Return
1 Yr
%
Total
Return
3 Yr
%
Dvd Ind Yld
%
Ascendas REIT A17U 7,771.1 -2.7 0.3 27.6 6.4
CapitaLand Mall Trust C38U 7,417.3 2.2 7.6 21.9 5.3
CapitaLand Commercial Trust C61U 6,327.0 -8.3 6.0 47.6 5.0
Suntec REIT T82U 4,748.1 -14.0 -1.9 28.2 5.7
Mapletree Commercial Trust N2IU 4,561.6 1.6 7.8 44.6 5.7
Mapletree Logistics Trust M44U 4,347.6 -1.7 5.5 48.6 6.4
Keppel REIT K71U 3,884.4 -6.3 0.8 36.3 4.9
Mapletree Industrial Trust ME8U 3,641.3 -1.2 8.6 55.1 6.1
Mapletree North Asia Commercial Trust RW0U 3,506.4 -5.3 1.4 41.6 6.8
SPH REIT SK6U 2,571.8 -0.8 2.6 21.3 5.5
Ascott Residence Trust A68U 2,313.4 -7.0 -6.2 12.6 6.6
Frasers Logistics & Industrial Trust BUOU 2,067.1 -6.6 -1.4  NA 7.2
Frasers Centrepoint Trust J69U 2,065.9 3.7 7.5 33.0 5.4
CDL Hospitality Trust J85 1,843.0 -4.2 -1.3 39.4 6.3
Keppel DC REIT AJBU 1,797.4 -2.2 2.8 52.1 5.3
Parkway Life REIT C2PU 1,567.0 -10.4 -1.0 32.0 5.0
Starhill Global REIT P40U 1,461.4 -9.4 -8.6 4.1 6.8
Manulife US REIT* BTOU 1,365.9 -5.1 -5.5 6.6
CapitaLand Retail China Trust AU8U 1,343.4 -11.8 -11.9 14.8 7.2
Frasers Hospitality Trust ACV 1,289.7 -9.2 -4.3 17.7 7.1
OUE Hospitality Trust SK7 1,256.4 -15.1 -8.3 10.6 7.3
Frasers Commercial Trust ND8U 1,244.0 -1.3 6.9 28.8 6.8
Far East Hospitality Trust Q5T 1,130.8 -12.3 -8.5 9.0 6.5
Ascendas India Trust CY6U 1,068.3 -7.6 -1.0 38.4 5.9
AIMS AMP Capital Industrial REIT O5RU 925.5 3.5 1.2 23.1 7.6
First REIT AW9U 920.4 -11.8 -8.1 3.9 7.3
Ascendas Hospitality Trust Q1P 889.2 -5.1 -2.7 48.0 7.5
Viva Industrial Trust T8B 880.7 2.8 3.8 57.7 8.3
ESR-REIT J91U 768.1 -8.7 -9.5 -1.6 7.5
Cache Logistics Trust K2LU 761.8 -12.2 -8.4 -7.3 7.3
Lippo Malls Indonesia Trust D5IU 699.5 -34.9 -39.0 -1.8 8.5
Soilbbuild Business Space REIT SV3U 607.5 -9.0 -11.7 -10.8 7.8
RHT Health Trust RF1U 592.3 -7.9 -8.5 15.7 2.7
EC World REIT BWCU 549.2 -2.7 -3.4  NA 8.6
iREIT Global UD1U 466.7 2.9 3.5 38.2 7.4
Sabana Shariah Compliant Industrial REIT M1GU 437.0 11.4 -3.7 -23.0 7.9
Average -5.7 -2.5 24.5 6.6

Source: Bloomberg & StockFacts (data as of 15 October 2018)

*Note: Manulife US REIT is traded in USD with SGD equivalents shown in table.







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