SPH REIT kick-started the latest quarterly reporting season for S-REITs earlier this month with the release of its fiscal second quarter results ended 28 February 2019. This was followed by First REIT and Keppel DC REIT, which unveiled their results last week and yesterday respectively.
Soilbuild Business Space REIT will announce its results today. The rest of the S-REITs and Business Trusts are expected to release their earnings over the next few weeks.
The iEdge S-REIT Index’s 35 constituents, which have a combined market capitalisation of S$90 billion, have averaged a total return of 12.9% in the 2019 YTD. This brings their 1Y and 3Y total returns to 12.7% and 43.2% respectively.
SPH REIT kicked off the current financial reporting season for Singapore REITs on 5 April with the release of its fiscal 2Q 2019 earnings. This was followed by First REIT and Keppel DC REIT, which unveiled their results last week and yesterday respectively. Soilbuild Business Space REIT will release its results later today, while 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 | 5-Apr-19 | Released | Q2 |
Keppel DC REIT | AJBU | 15-Apr-19 | Released | Q1 |
First REIT | AW9U | 10-Apr-19 | Released | Q1 |
Soilbuild Business Space REIT | SV3U | 17-Apr-19 | Confirmed | Q1 |
CapitaLand Commercial Trust | C61U | 18-Apr-19 | Confirmed | Q1 |
Keppel REIT | K71U | 18-Apr-19 | Estimated | Q1 |
ESR-REIT | J91U | 18-Apr-19 | Estimated | Q1 |
Mapletree Industrial Trust | ME8U | 22-Apr-19 | Confirmed | FY18 |
Lippo Malls Indonesia Retail Trust | D5IU | 22-Apr-19 | Confirmed | Q1 |
Mapletree Commercial Trust | N2IU | 23-Apr-19 | Confirmed | FY18 |
Frasers Commercial Trust | ND8U | 23-Apr-19 | Confirmed | Q2 |
Sabana Shari'ah Compliant Industrial REIT | M1GU | 23-Apr-19 | Estimated | Q1 |
CapitaLand Mall Trust | C38U | 24-Apr-19 | Confirmed | Q1 |
Suntec REIT | T82U | 24-Apr-19 | Confirmed | Q1 |
Frasers Centrepoint Trust | J69U | 24-Apr-19 | Confirmed | Q2 |
CapitaLand Retail China Trust | AU8U | 24-Apr-19 | Confirmed | Q1 |
Manulife US REIT | BTOU | 25-Apr-19 | Confirmed | Q1 |
Starhill Global REIT | P40U | 25-Apr-19 | Confirmed | Q3 |
Ascendas India Trust | CY6U | 25-Apr-19 | Confirmed | FY18 |
Cache Logistics Trust | K2LU | 25-Apr-19 | Confirmed | Q1 |
AIMS APAC REIT | O5RU | 25-Apr-19 | Estimated | FY18 |
Far East Hospitality Trust | Q5T | 25-Apr-19 | Confirmed | Q1 |
Mapletree Logistics Trust | M44U | 26-Apr-19 | Confirmed | FY18 |
Frasers Logistics & Industrial Trust | BUOU | 26-Apr-19 | Confirmed | Q2 |
Parkway Life REIT | C2PU | 26-Apr-19 | Confirmed | Q1 |
Ascendas REIT | A17U | 29-Apr-19 | Confirmed | FY18 |
Mapletree North Asia Commercial Trust | RW0U | 29-Apr-19 | Confirmed | FY18 |
Ascott Residence Trust | A68U | 30-Apr-19 | Confirmed | Q1 |
CDL Hospitality Trusts | J85 | 30-Apr-19 | Confirmed | Q1 |
Frasers Hospitality Trust | ACV | 30-Apr-19 | Confirmed | Q2 |
OUE Hospitality Trust | SK7 | 2-May-19 | Estimated | Q1 |
Ascendas Hospitality Trust | Q1P | 10-May-19 | Estimated | FY18 |
OUE Commercial REIT | TS0U | 10-May-19 | Estimated | Q1 |
EC World REIT | BWCU | 10-May-19 | Estimated | Q1 |
IREIT Global | UD1U | 10-May-19 | Estimated | Q1 |
Performances of iEdge S-REIT Index Constituents
The iEdge S-REIT Index has 35 constituents with a combined market capitalisation of S$90 billion. The index generated a total return of 12.9% in the 2019 year-to-date, bringing its three-year and one-year total returns to 43.2% and 12.7% respectively. For a previously published Market Update on the recent performance of S-REITs, click here.
The table below details the constituents of the iEdge S-REIT Index, sorted by market capitalisation.
Name | SGX Code |
Market Cap S$m |
Total Return YTD (%) |
Total Return 1Y (%) |
Total Return 3Y (%) |
P/B (x) |
Div Yld (%) |
---|---|---|---|---|---|---|---|
Ascendas REIT | A17U | 9,146 | 14.4 | 16.0 | 38.4 | 1.3 | 4.5 |
CapitaLand Mall Trust | C38U | 8,741 | 5.6 | 20.2 | 28.4 | 1.1 | 4.2 |
CapitaLand Commercial Trust | C61U | 7,311 | 14.0 | 11.2 | 64.0 | 1.1 | 3.7 |
Mapletree Commercial Trust | N2IU | 5,462 | 16.1 | 26.4 | 56.4 | 1.2 | 4.0 |
Mapletree Logistics Trust | M44U | 5,361 | 19.2 | 23.9 | 78.8 | 1.1 | 5.0 |
Suntec REIT | T82U | 5,173 | 9.9 | 7.2 | 34.6 | 1.0 | 5.1 |
Keppel REIT | K71U | 4,323 | 12.7 | 9.2 | 47.7 | 0.9 | 3.6 |
Mapletree Industrial Trust | ME8U | 4,244 | 12.6 | 10.8 | 56.3 | 1.4 | 4.7 |
Mapletree North Asia Commercial Trust | RW0U | 4,221 | 18.5 | 20.2 | 70.9 | 1.0 | 5.4 |
SPH REIT | SK6U | 2,714 | 7.8 | 12.6 | 31.8 | 1.1 | 4.4 |
Ascott Residence Trust | A68U | 2,607 | 14.9 | 13.0 | 32.9 | 0.9 | 5.8 |
Frasers Logistics & Industrial Trust | BUOU | 2,348 | 12.6 | 16.9 | -- | 1.3 | 6.2 |
Frasers Centrepoint Trust | J69U | 2,208 | 11.1 | 12.1 | 39.1 | 1.1 | 4.2 |
Keppel DC REIT | AJBU | 2,014 | 13.2 | 7.4 | 63.6 | 1.5 | 3.6 |
CDL Hospitality Trusts | J85 | 1,979 | 15.8 | 1.0 | 45.6 | 1.1 | 5.0 |
Parkway Life REIT | C2PU | 1,767 | 12.3 | 10.5 | 37.1 | 1.7 | 3.9 |
ESR-REIT | J91U | 1,682 | 5.6 | 5.7 | 19.8 | 0.8 | 6.3 |
Starhill Global REIT | P40U | 1,636 | 12.0 | 10.3 | 14.9 | 0.8 | 6.1 |
CapitaLand Retail China Trust | AU8U | 1,538 | 17.1 | 7.2 | 29.8 | 1.0 | 6.5 |
OUE Commercial REIT | TS0U | 1,458 | 13.8 | -13.5 | 9.5 | 0.6 | 5.8 |
Frasers Hospitality Trust | ACV | 1,395 | 5.7 | 4.7 | 19.2 | 0.9 | 6.2 |
Frasers Commercial Trust | ND8U | 1,334 | 9.8 | 8.6 | 39.4 | 1.0 | 6.5 |
OUE Hospitality Trust | SK7 | 1,310 | 8.6 | -5.6 | 26.5 | 1.1 | 5.8 |
Far East Hospitality Trust | Q5T | 1,269 | 12.5 | 4.8 | 23.0 | 0.8 | 5.0 |
Ascendas India Trust | CY6U | 1,236 | 10.2 | 21.6 | 55.0 | 1.5 | 5.8 |
Manulife US REIT | BTOU | 1,121 | 17.7 | 2.5 | -- | 1.1 | 6.4 |
Ascendas Hospitality Trust | Q1P | 1,022 | 16.9 | 21.2 | 64.0 | 1.0 | 6.4 |
AIMS APAC REIT | O5RU | 974 | 8.0 | 10.0 | 30.3 | 1.0 | 6.1 |
Cache Logistics Trust | K2LU | 813 | 10.9 | -1.5 | 14.7 | 1.2 | 7.9 |
First REIT | AW9U | 782 | 2.6 | -20.7 | -3.9 | 1.3 | 7.9 |
Soilbuild Business Space REIT | SV3U | 669 | 11.2 | 3.9 | 10.0 | 1.1 | 6.9 |
EC World REIT | BWCU | 619 | 15.4 | 15.6 | -- | 0.8 | 7.9 |
Lippo Malls Indonesia Retail Trust | D5IU | 579 | 11.5 | -35.5 | -20.9 | 1.0 | 10.3 |
IREIT Global | UD1U | 475 | 7.4 | 3.7 | 36.3 | 1.1 | 7.7 |
Sabana Shari'ah Compliant Industrial REIT | M1GU | 453 | 12.1 | 9.1 | -4.6 | 0.7 | 6.1 |
Average | 12.0 | 7.7 | 34.0 | 1.1 | 5.7 |