SGX Market Updates

25 S-REITs to Report Latest Results Within Next 2 Weeks


PUBLISHED ON |

21 January 2019

  • Earlier this month, SPH REIT kick-started the latest quarterly reporting season with the release of its fiscal first quarter results ended 30 November 2018. This was followed by First REIT, ESR-REIT and Frasers Commercial Trust, which also unveiled their financial results last week.

  • Frasers Centrepoint Trust, Keppel REIT, Mapletree Logistics Trust and Soilbuild Business Space REIT will announce their results today. The rest of the S-REITs and Business Trusts are expected to release their results over the next few weeks.

  • The iEdge S-REIT Index’s 35 constituents, which have a combined market capitalisation of more than S$83 billion, have averaged a total return of 4.5% in the 2019 YTD. This brings their 1Y and 3Y total returns to 0.7% and 46.9% respectively.




On 4 January, SPH REIT kicked off the current financial reporting season for Singapore REITs with the release of its fiscal Q1 2019 results. This was followed by First REIT, ESR-REIT and Frasers Commercial Trust, which unveiled their results last week. Frasers Centrepoint Trust, Keppel REIT, Mapletree Logistics Trust and Soilbuild Business Space REIT are scheduled to announce their results later today. The remaining constituents of the iEdge S-REIT Index will report their results over the next few weeks (see schedule below and click here for the weekly Economic Calendar).


The table below highlights the confirmed, estimated and released dates of earnings reports by Singapore REITs and Business Trusts, sorted by date.

Name SGX Code Date Date Type Period
SPH REIT SK6U 4-Jan-19 Released Q1 19
First REIT AW9U 16-Jan-19 Released FY 18
ESR-REIT J91U 18-Jan-19 Released FY 18
Frasers Commercial Trust ND8U 18-Jan-19 Released Q1 19
Frasers Centrepoint Trust J69U 21-Jan-19 Confirmed Q1 19
Keppel REIT K71U 21-Jan-19 Confirmed FY 18
Mapletree Logistics Trust M44U 21-Jan-19 Confirmed Q3 19
Soilbuild Business Space REIT SV3U 21-Jan-19 Confirmed FY 18
Keppel DC REIT AJBU 22-Jan-19 Confirmed FY 18
Mapletree Industrial Trust ME8U 22-Jan-19 Confirmed Q3 19
CapitaLand Mall Trust C38U 23-Jan-19 Confirmed FY 18
Mapletree Commercial Trust N2IU 23-Jan-19 Confirmed Q3 19
Suntec REIT T82U 23-Jan-19 Confirmed FY 18
Ascendas India Trust CY6U 24-Jan-19 Confirmed Q3 19
CapitaLand Commercial Trust C61U 24-Jan-19 Confirmed FY 18
Frasers Logistics & Industrial Trust BUOU 24-Jan-19 Confirmed Q1 19
Cache Logistics Trust K2LU 25-Jan-19 Confirmed FY 18
Mapletree North Asia Commercial Trust RW0U 25-Jan-19 Confirmed Q3 19
Sabana Shari'ah Compliant Industrial REIT M1GU 25-Jan-19 Estimated FY 18
Parkway Life REIT C2PU 28-Jan-19 Confirmed FY 18
Ascott Residence Trust A68U 29-Jan-19 Confirmed FY 18
CDL Hospitality Trusts J85 29-Jan-19 Confirmed FY 18
OUE Hospitality Trust SK7 29-Jan-19 Confirmed FY 18
Starhill Global REIT P40U 29-Jan-19 Confirmed Q2 19
Ascendas REIT A17U 30-Jan-19 Confirmed Q3 19
Frasers Hospitality Trust ACV 30-Jan-19 Confirmed Q1 19
CapitaLand Retail China Trust AU8U 31-Jan-19 Estimated FY 18
AIMS AMP Capital Industrial REIT O5RU 1-Feb-19 Estimated Q3 19
Ascendas Hospitality Trust Q1P 1-Feb-19 Estimated Q3 19
RHT Health Trust RF1U 8-Feb-19 Estimated Q3 19
Manulife US REIT BTOU 11-Feb-19 Confirmed FY 18
Lippo Malls Indonesia Retail Trust D5IU 13-Feb-19 Estimated FY 18
IREIT Global UD1U 14-Feb-19 Estimated FY 18
Far East Hospitality Trust Q5T 15-Feb-19 Estimated FY 18
EC World REIT BWCU 28-Feb-19 Estimated FY 18

Source: Bloomberg & StockFacts as of 17 Jan 2019.




Performances of iEdge S-REIT Constituents

The iEdge S-REIT Index has 35 constituents with a combined market capitalisation of more than S$83 billion. The index generated a total return of 4.5% in the 2019 year-to-date, bringing its three-year and one-year total returns to 0.7% and 46.9% respectively. For a previously published Market Update on the recent performance of S-REITs, click here.

The table below details the constituents of the iEdge S-REIT Index, sorted by market capitalisation.

Name SGX
Code
Market
Cap
(S$M)
Total
Return
YTD (%)
Total
Return
1Y (%)
Total
Return
3Y (%)
P/E
(x)
P/B
(x)
Div Yld
(%)
CapitaLand Mall Trust C38U 8,590.5 3.1 21.4 43.8 12.4 1.2 4.9
Ascendas REIT A17U 8,522.9 6.6 5.8 51.9 17.3 1.2 5.8
CapitaLand Commercial Trust C61U 6,852.3 4.6 -1.2 69.0 14.2 1.0 4.6
Suntec REIT T82U 5,047.5 6.2 -8.2 47.1 22.7 0.9 5.3
Mapletree Commercial Trust N2IU 4,939.2 3.6 10.9 60.1 8.7 1.2 5.3
Mapletree Logistics Trust M44U 4,810.6 6.3 6.4 68.4 9.1 1.1 5.8
Keppel REIT K71U 4,004.2 3.5 -3.4 55.3 23.6 0.8 4.8
Mapletree Industrial Trust ME8U 3,741.0 3.1 0.0 57.4 12.1 1.3 6.0
Mapletree North Asia Commercial Trust RW0U 3,736.4 3.5 0.8 66.4 5.9 0.9 6.4
SPH REIT SK6U 2,608.0 2.3 1.7 28.3 19.4 1.1 5.5
Ascott Residence Trust A68U 2,446.0 4.6 -4.1 27.4 20.6 0.8 6.1
Frasers Logistics & Industrial Trust BUOU 2,143.5 2.9 0.3 - 12.1 1.1 6.5
Frasers Centrepoint Trust J69U 2,105.8 4.6 6.0 41.7 12.4 1.1 5.3
Keppel DC REIT AJBU 1,919.2 5.2 2.3 65.6 21.0 1.4 5.0
CDL Hospitality Trusts J85 1,880.5 6.8 -7.3 50.2 13.2 1.0 6.0
ESR-REIT J91U 1,696.0 4.9 1.2 27.4 - 0.8 7.1
Parkway Life REIT C2PU 1,633.5 2.7 -3.8 43.6 15.7 1.5 4.8
Starhill Global REIT P40U 1,526.8 2.9 -2.5 15.5 15.2 0.8 6.4
CapitaLand Retail China Trust AU8U 1,412.0 5.9 -8.5 26.3 12.2 0.9 7.0
Manulife US REIT* BTOU 1,401.9 4.7 -7.6 - 14.7 1.0 6.2
Frasers Hospitality Trust ACV 1,329.4 0.7 -7.0 21.9 21.4 0.8 6.8
Frasers Commercial Trust ND8U 1,281.2 4.4 3.3 44.7 8.5 0.9 6.7
OUE Hospitality Trust SK7 1,258.0 3.0 -17.4 21.3 16.4 0.9 7.2
Far East Hospitality Trust Q5T 1,170.0 3.3 -8.4 19.6 48.4 0.7 6.4
Ascendas India Trust CY6U 1,110.8 -0.9 0.2 58.6 5.7 1.2 6.4
AIMS AMP Capital Industrial REIT O5RU 941.3 3.0 7.8 32.4 12.2 1.0 7.5
Ascendas Hospitality Trust Q1P 918.4 5.2 -1.4 43.4 63.4 0.8 7.3
First REIT AW9U 812.1 4.6 -22.0 6.5 11.4 1.0 8.4
Cache Logistics Trust K2LU 788.6 5.8 -9.3 10.9 39.0 0.9 8.2
Soilbuild Business Space REIT SV3U 635.2 3.4 -9.1 4.5 - 0.9 8.7
RHT Health Trust RF1U 616.7 4.1 -0.4 26.6 56.3 1.0 5.4
Lippo Malls Indonesia Retail Trust D5IU 614.9 18.1 -42.3 -6.9 19.5 0.6 11.9
EC World REIT BWCU 566.3 3.6 0.4 - 10.3 0.8 8.6
IREIT Global* UD1U 470.8 2.8 1.6 43.4 7.1 1.0 7.8
Sabana Shari'ah Compliant Industrial REIT M1GU 426.5 3.8 8.2 -15.5 - 0.8 8.2
Average 4.4 -2.5 36.1 18.8 1.0 6.6

Source: Bloomberg & StockFacts as of 17 Jan 2019.
*Manulife US REIT is traded in USD, IREIT Global is traded in EUR, with their SGD equivalents shown in table.







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