5 SGX International S-REITs Returned 24% in 2019 YTD
Of the 42 SGX listed trusts, 19 – with a combined market cap of over S$30 billion – own more than half their assets in markets outside Singapore. Single-market REITs include Fortune REIT, Lippo Malls Indonesia Retail Trust, and Ascendas India Trust. Pure China plays are CapitaLand Retail China Trust, Sasseur REIT, EC World REIT, Dasin Retail Trust and BHG Retail Trust. Manulife US REIT and Keppel KBS US REIT are US-based trusts, while IREIT Global and Cromwell European REIT are focused on Europe.