SGX Market Updates

S-REIT Earnings Schedule (2019 September Quarter)


PUBLISHED ON |

16 October 2019

  • SPH REIT kicked off the September quarter financial reporting season for S-REITs on 10 October with the release of its fiscal 4Q 2019 earnings.

  • This was followed by Keppel DC REIT, Keppel Pacific Oak US REIT and Mapletree Commercial Trust, which unveiled their results yesterday. Keppel REIT and Soilbuild Business Space REIT are set to release their quarterly earnings after the market close today.

  • The iEdge S-REIT Index comprises 36 constituents with a combined market cap of S$102 billion. These constituents averaged a total return of 27.2% in the 2019 YTD, bringing their 1Y and 3Y total returns to 27.8% and 42.7% respectively.




SPH REIT kicked off the September quarter results reporting season for S-REITs on 10 October with the release of its fiscal 4Q 2019 earnings. This was followed by Keppel DC REIT, Keppel Pacific Oak US REIT and Mapletree Commercial Trust, which unveiled their results yesterday. Keppel REIT and Soilbuild Business Space REIT will release their quarterly earnings after the market close today.

The indicative schedule of earnings releases for the remaining REITs and Business Trusts is provided below. For the confirmed earnings release dates in the weekly Economic Calendar, click here.

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

Name SGX
Code
Date Date Type Period
SPH REIT SK6U 10-Oct-19 Confirmed Q4
Keppel DC REIT AJBU 15-Oct-19 Confirmed Q3
Keppel Pacific Oak US REIT CMOU 15-Oct-19 Confirmed Q3
Mapletree Commercial Trust N2IU 15-Oct-19 Confirmed Q2
Keppel REIT K71U 16-Oct-19 Confirmed Q3
Soilbuild Business Space REIT SV3U 16-Oct-19 Confirmed Q3
CapitaLand Mall Trust C38U 21-Oct-19 Confirmed Q3
Mapletree Logistics Trust M44U 21-Oct-19 Confirmed Q2
Frasers Commercial Trust ND8U 22-Oct-19 Confirmed Q4
Mapletree Industrial Trust ME8U 22-Oct-19 Confirmed Q2
CapitaLand Commercial Trust C61U 23-Oct-19 Confirmed Q3
Frasers Centrepoint Trust J69U 23-Oct-19 Confirmed Q4
Suntec REIT T82U 23-Oct-19 Confirmed Q3
Ascendas India Trust CY6U 24-Oct-19 Estimated Q2
AIMS APAC REIT O5RU 25-Oct-19 Estimated Q2
Cache Logistics Trust K2LU 25-Oct-19 Confirmed Q3
CapitaLand Retail China Trust AU8U 25-Oct-19 Confirmed Q3
ESR-REIT J91U 25-Oct-19 Confirmed Q3
Mapletree North Asia Commercial Trust RW0U 25-Oct-19 Confirmed Q2
Sabana Shari'ah Compliant Ind REIT M1GU 25-Oct-19 Estimated Q3
Starhill Global REIT P40U 29-Oct-19 Confirmed Q1
Ascendas Hospitality Trust Q1P 29-Oct-19 Confirmed Q2
Ascott Residence Trust A68U 30-Oct-19 Confirmed Q3
CDL Hospitality Trusts J85 30-Oct-19 Confirmed Q3
Far East Hospitality Trust Q5T 30-Oct-19 Confirmed Q3
Frasers Hospitality Trust ACV 30-Oct-19 Confirmed Q4
Parkway Life REIT C2PU 31-Oct-19 Confirmed Q3
Manulife US REIT BTOU 5-Nov-19 Estimated Q3
RHT Health Trust RF1U 5-Nov-19 Estimated Q2
Frasers Logistics & Industrial BUOU 6-Nov-19 Confirmed Q4
EC World REIT BWCU 7-Nov-19 Estimated Q3
Lippo Malls Indonesia Retail Trust D5IU 8-Nov-19 Estimated Q3
OUE Commercial REIT TS0U 8-Nov-19 Estimated Q3

Source: Bloomberg & SGX (data as of 15 October 2019)



Performances of iEdge S-REIT Index Constituents

The iEdge S-REIT Index, which measures the performance of  SGX-listed REITs, comprises 36 constituents with a combined market capitalisation of S$102 billion. These constituents averaged a total return of 27.2% in the 2019 year-to-date, bringing their one-year and three-year total returns to 27.8% and 42.7% respectively.

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

Name SGX
Code
Market Cap
S$M
Total
Return
YTD
%
Total
Return
1Y
%
Total
Return
3Y
%
P/B Div Yld
%
Ascendas REIT A17U 9681 24.3 28.1 50.4 1.2 5.1
CapitaLand Mall Trust C38U 9590 18.5 30.8 44.4 1.0 4.5
CapitaLand Commercial Trust C61U 7907 22.7 27.1 56.2 0.9 4.2
Mapletree Commercial Trust N2IU 6776 47.1 55.8 79.7 1.1 4.0
Mapletree Logistics Trust M44U 6079 38.1 42.7 92.3 1.0 5.0
Mapletree Industrial Trust ME8U 5567 40.0 40.8 78.8 1.3 5.0
Suntec REIT T82U 5288 10.4 12.0 27.6 0.8 5.1
Keppel REIT K71U 4208 12.6 13.9 28.9 0.8 4.4
Mapletree North Asia Commercial Trust RW0U 3953 13.7 18.8 43.0 0.9 5.7
Frasers Centrepoint Trust J69U 3081 32.3 30.4 52.5 1.1 4.4
SPH REIT SK6U 3005 20.7 22.4 36.8 1.1 5.1
OUE Commercial REIT TS0U 2985 27.8 25.1 8.2 0.6 5.5
Ascott Residence Trust A68U 2982 34.8 36.0 50.8 0.8 5.6
Keppel DC REIT AJBU 2960 58.8 61.2 100.1 1.4 4.0
Frasers Logistics & Industrial Trust BUOU 2856 29.7 33.0 61.8 1.1 5.6
CDL Hospitality REIT J85 1975 18.1 12.7 47.7 1.0 5.6
Parkway Life REIT C2PU 1954 27.1 30.6 46.6 1.6 4.2
ESR-REIT J91U 1863 13.2 19.0 23.3 0.8 5.4
Manulife US REIT BTOU 1862 29.2 27.5 49.6 1.0 6.8
CapitaLand Retail China Trust AU8U 1856 22.1 21.2 18.4 0.9 7.2
Starhill Global REIT P40U 1625 14.6 18.3 9.6 0.7 6.0
Ascendas India Trust CY6U 1617 47.7 60.2 74.1 1.1 4.7
Frasers Commercial Trust ND8U 1473 24.0 23.4 44.5 0.9 6.0
Frasers Hospitality Trust ACV 1354 5.3 10.5 25.5 0.8 6.4
Far East Hospitality Trust Q5T 1346 20.8 22.9 40.5 0.7 5.6
Ascendas Hospitality Trust Q1P 1297 53.3 55.8 94.0 0.8 5.6
AIMS APAC REIT O5RU 1031 17.5 18.0 32.4 1.0 7.2
Sasseur REIT  CRPU 955 34.4 27.5 N/A 0.9 8.2
First REIT AW9U 803 9.2 -6.4 -9.3 1.2 8.4
Cache Logistics Trust K2LU 793 12.1 12.1 10.1 1.0 7.9
Lippo Malls Indonesia Retail Trust D5IU 695 40.7 6.9 -18.6 0.8 8.1
Soilbuild Business Space REIT SV3U 674 -1.6 1.3 -2.4 1.0 9.5
EC World REIT BWCU 585 13.1 14.9 19.3 0.8 8.4
IREIT Global UD1U 496 16.1 13.7 34.4 1.1 7.7
Sabana Shari'ah Comp Ind REIT M1GU 474 21.1 16.1 21.8 0.8 6.3
RHT Health Trust^ RF1U 15 109.2 114.8 120.4 0.0 N/A
Average 27.2 27.8 42.7 0.9 5.9

Source: Bloomberg & Stockfacts (data as of 15 October 2019)
* Dividend yields are as of 30 September 2019 
** Manulife US REIT is traded in USD, while iREIT Global is traded in EUR, with their SGD equivalents shown in the table.
^ Note: RHT Health Trust is a pure cash trust.







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