SGX Market Updates

2019 March Quarter S-REIT Earnings Schedule


PUBLISHED ON |

17 April 2019

  • 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

Source: Bloomberg & SGX Data as of 16 Apr 2019



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

Source: Bloomberg & StockFacts as of 16 Apr 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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