REIT Data, yields, gearing, P/B ratios, total returns and more

The following table with Singapore REIT dividends, dividend yields and data (price, market cap, float, dividend payout frequency, year to date return, gearing/leverage and NAV) is updated weekly.

S/NREIT nameSectorCurrencyShare priceMkt capFloatFYEDPU frequencyREIT nameCurrent DPUFwd DPUCurrent yieldFwd yieldYTD returnGearingP/B
1CapitaLand Commercial TrustOfficeSGD2.017,75471DecSemi-AnlCapitaLand Commercial Trust8.98.94.44.42035.51.1
2Frasers Commercial TrustOfficeSGD1.671,52874SepQuarterFrasers Commercial Trust9.810.05.96.03028.61.0
3IREIT GlobalOfficeSGD0.8050744DecSemi-AnlIREIT GlobalN.A.N.A.N.A.N.A.1836.51.1
4Keppel REITOfficeSGD1.234,15451DecQuarterKeppel REIT5.65.84.64.71338.90.9
5Manulife US REITOfficeUSD0.971,51193DecSemi-AnlManulife US REIT6.06.36.26.53736.31.2
6OUE Commercial REITOfficeSGD0.563,01627DecSemi-AnlOUE Commercial REIT3.23.45.76.13040.50.9
7Suntec REITOfficeSGD1.845,15463DecQuarterSuntec REIT9.69.75.25.3938.20.9
8Keppel Pacific Oak US REITOfficeUSD0.7771879DecSemi-AnlKeppel Pacific Oak US REIT6.16.37.98.23938.51.0
9Prime US REITOfficeUSD0.9991175DecSemi-AnlPrime US REIT6.66.86.76.9N.A.33.91.2
10BHG Retail REITRetailSGD0.7035368DecSemi-AnlBHG Retail REITN.A.N.A.N.A.N.A.437.00.8
11CapitaLand Mall TrustRetailSGD2.529,29667DecQuarterCapitaLand Mall Trust12.012.74.85.01634.41.2
12CapitaLand Retail China TrustRetailSGD1.591,92265DecSemi-AnlCapitaLand Retail China Trust10.310.26.56.42637.21.0
13Frasers Centrepoint TrustRetailSGD2.763,08463SepQuarterFrasers Centrepoint Trust13.113.44.74.93432.91.3
14Lendlease Global Comm. REITRetailSGD0.941,09272JunSemi-AnlLendlease Global Comm. REITN.A.N.A.N.A.N.A.N.A.36.41.2
15Lippo Malls Indo Retail TrustRetailSGD0.2469563DecQuarterLippo Malls Indo Retail TrustN.A.N.A.N.A.N.A.4434.70.8
16Mapletree Commercial TrustRetailSGD2.367,80370MarQuarterMapletree Commercial Trust9.59.94.04.25131.71.4
17Mapletree North Asia ComRetailSGD1.183,76966MarQuarterMapletree North Asia Com7.97.86.76.61037.10.8
18SPH REITRetailSGD1.062,75425AugQuarterSPH REIT5.86.05.55.71327.51.1
19Starhill Global REITRetailSGD0.721,57363JunQuarterStarhill Global REIT4.64.76.46.51336.20.8
20Sasseur REITRetailSGD0.861,02122DecSemi-AnlSasseur REIT6.66.97.78.14629.01.0
21AIMS APAC REITIndustrialSGD1.4399777MarQuarterAIMS APAC REIT10.310.87.27.61635.41.1
22Ascendas REITIndustrialSGD2.989,42578MarSemi-AnlAscendas REIT16.016.65.45.62536.21.4
23Cache Logistics TrustIndustrialSGD0.7277389DecQuarterCache Logistics Trust5.85.98.18.31138.31.1
24EC World REITIndustrialSGD0.7559450DecQuarterEC World REIT6.36.58.58.71739.60.9
25ESR-REITIndustrialSGD0.541,86661DecQuarterESR-REIT4.24.47.98.21341.61.2
26Frasers Logistics & Ind TrustIndustrialSGD1.242,80169SepSemi-AnlFrasers Logistics & Ind Trust7.37.45.96.02833.41.3
27Mapletree Industrial TrustIndustrialSGD2.515,52473MarQuarterMapletree Industrial Trust12.513.25.05.33929.21.6
28Mapletree Logistics TrustIndustrialSGD1.696,41771MarQuarterMapletree Logistics Trust8.18.34.84.94237.01.5
29Sabana REITIndustrialSGD0.4749571DecQuarterSabana REIT2.72.95.76.22930.80.8
30Soilbuild REITIndustrialSGD0.5366169DecQuarterSoilbuild REIT4.74.79.09.0-236.50.9
31ARA US Hospitality TrustHospitalityUSD0.8648543DecSemi-AnlARA US Hospitality Trust4.46.8N.M.8.0N.A.31.81.0
32Ascendas Hospitality TrustHospitalitySGD1.131,28765MarSemi-AnlAscendas Hospitality TrustN.A.N.A.N.A.N.A.5633.81.1
33Ascott Residence TrustHospitalitySGD1.352,94155DecSemi-AnlAscott Residence Trust7.27.55.35.63333.01.1
34CDL Hospitality TrustsHospitalitySGD1.621,96462DecSemi-AnlCDL Hospitality Trusts9.09.35.65.71736.31.1
35Eagle Hospitality TrustHospitalityUSD0.5345744DecSemi-AnlEagle Hospitality Trust5.56.410.512.2N.A.37.30.6
36Far East Hospitality TrustHospitalitySGD0.741,42540DecQuarterFar East Hospitality Trust4.04.15.45.53039.60.9
37Frasers Hospitality TrustHospitalitySGD0.711,35638SepSemi-AnlFrasers Hospitality Trust4.44.66.26.5835.11.0
38First REITHealthcareSGD1.0382271DecQuarterFirst REIT8.68.78.38.41434.51.0
39ParkwayLife REITHealthcareSGD3.251,96664DecQuarterParkwayLife REIT13.013.34.04.12937.21.7
40Keppel DC REITData centreSGD2.003,26177DecSemi-AnlKeppel DC REIT7.98.84.04.46028.91.8
41Cromwell European REITOthersEUR0.521,31244DecSemi-AnlCromwell European REIT4.14.08.07.82637.01.0
42Accordia Golf TrustReal estate trustSGD0.7076971MarSemi-AnlAccordia Golf Trust5.35.67.67.94425.00.9
43Ascendas India TrustReal estate trustSGD1.551,61871MarSemi-AnlAscendas India Trust7.69.14.95.95333.81.5
44Dasin Retail TrustReal estate trustSGD0.8353436DecSemi-AnlDasin Retail Trust7.07.08.48.4436.40.6
45Asian Pay Television TrustInfrastructure trustSGD0.1724899DecQuarterAsian Pay Television Trust1.21.27.07.04354.00.2
46Keppel Infrastructure TrustInfrastructure trustSGD0.532,64771DecQuarterKeppel Infrastructure Trust3.93.97.47.41942.32.0
47NetLink NBN TrustInfrastructure trustSGD0.943,64475MarSemi-AnlNetLink NBN Trust5.05.25.35.62914.91.2
48First Ship Lease TrustPort and shipping trustSGD0.0711527DecIrregFirst Ship Lease TrustN.A.N.A.N.A.N.A.4427.10.4
49Hutchison Port HoldingsPort and shipping trustUSD0.161,37672DecSemi-AnlHutchison Port Holdings1.61.69.910.2-3033.20.4
50RHT Health TrustHealthcare trustSGD0.021550MarIrregRHT Health TrustN.A.N.A.N.A.N.A.1090.00.9

Updated week of 2 Dec

1) SGD/JPY = 0.012471; SGD/USD = 1.3673; SGD/HKD = 0.1747; USD/HKD = 0.12774; SGD/EUR = 1.5063; SGD/AUD = 0.925; CNY/SGD = 5.1433
2) Curr/Fwd DPU and yield are based on Bloomberg consensus forecasts for the current/next financial year
3) D/A (Debt-to-Asset) and P/B (Price-to-Book) are based on figures reported in latest available financial results
4) YTD return includes dividends distributed
5) Keppel-KBS US REIT has changed its name to Keppel Pacific Oak US REIT with effect from 5 Sep 2019
6) Lendlease Global Commercial REIT’s D/A and NAV/share (used in P/B calculation) are as per its prospectus

PropertyInvestSG shall not be held liable for errors or omissions in the data.

REIT Market cap

Total REIT market cap stands at S$108b. Among the REITs, office has a market cap of S$26.4b, retail S$33.4b, industrial S$29.6b, hospitality S$10.3b, healthcare S$2.8b, data centres S$3.3b and others S$2.0b.

Number of REITs

There are 9 office REITs, 11 retail REITs, 10 industrial REITs, 7 hospitality REITs, 2 healthcare REITs, 1 data centre REIT and 1 REIT in the Others category, for a total of 41 REITs.

REIT currencies

There are 35 SGD denominated REITs, 5 USD denominated REITs and 1 EUR denominated REIT.

REIT financial year end

27 REITs have Financial Years Ending in December, 7 REITs have Financial Years Ending in March, 4 REITs have Financial Years Ending in September, 2 REIT has a Financial Year Ending in June, 1 REIT has a Financial Year Ending in August.

REIT dividend/distribution payout frequency

20 REITs pay distributions on a semi-annual basis while 21 REITs pay distributions on a quarterly basis.

REIT dividend/distribution yields

The average yield for all REITs is 6.2%.
The REIT with the lowest yield is Mapletree Commercial Trust at 4%.
The REIT with the highest yield is Eagle Hospitality Trust at 10.5%.

The average yield for office REITs is 5.8%.
The office REIT with the lowest yield is CapitaLand Commercial Trust at 4.4%.
The office REIT with the highest yield is Keppel Pacific Oak US REIT at 7.9%.

The average yield for retail REITs is 5.8%.
The retail REIT with the lowest yield is Mapletree Commercial Trust at 4%.
The retail REIT with the highest yield is Sasseur REIT at 7.7%.

The average yield for industrial REITs is 6.8%.
The industrial REIT with the lowest yield is Mapletree Logistics Trust at 4.8%.
The industrial REIT with the highest yield is Soilbuild REIT at 9%.

The average yield for hospitality REITs is 6.6%.
The hospitality REIT with the lowest forward yield is Ascott Residence Trust at 5.3%.
The hospitality REIT with the highest yield is Eagle Hospitality Trust at 10.5%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a yield of 8.3% while Parkway Life REIT has a yield of 4%.

There is only 1 data centre REIT, Keppel DC REIT, which has a yield of 4%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a yield of 8%.

REIT forward dividend/distribution yields

The average forward yield for all REITs is 6.5%.
The REIT with the lowest forward yield is ParkwayLife REIT at 4.1%.
The REIT with the highest forward yield is Eagle Hospitality Trust at 12.2%.

The average forward yield for office REITs is 6.0%.
The office REIT with the lowest forward yield is CapitaLand Commercial Trust at 4.4%.
The office REIT with the highest forward yield is Keppel Pacific Oak US REIT at 8.2%.

The average forward yield for retail REITs is 5.9%.
The retail REIT with the lowest forward yield is Mapletree Commercial Trust at 4.2%.
The retail REIT with the highest forward yield is Sasseur REIT at 8.1%.

The average forward yield for industrial REITs is 7.0%.
The industrial REIT with the lowest forward yield is Mapletree Logistics Trust at 4.9%.
The industrial REIT with the highest forward yield is Soilbuild REIT at 9%.

The average forward yield for hospitality REITs is 7.3%.
The hospitality REIT with the lowest forward yield is Far East Hospitality Trust at 5.5%.
The hospitality REIT with the highest forward yield is Eagle Hospitality Trust at 12.2%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a forward yield of 8.4% while Parkway Life REIT has a forward yield of 4.1%.

There is only 1 data centre REIT, Keppel DC REIT, which has a forward yield of 4.4%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a forward yield of 7.8%.

REIT year to date returns

The average YTD return for all REITs is 25.5%.
The REIT with the lowest YTD return is Soilbuild REIT at -1.8%.
The REIT with the highest YTD return is Keppel DC REIT at 59.6%.

The average YTD return for office REITs is 24.6%.
The office REIT with the lowest YTD return is Suntec REIT at 8.9%.
The office REIT with the highest YTD return is Keppel Pacific Oak US REIT at 39.2%.

The average YTD return for retail REITs is 25.6%.
The retail REIT with the lowest YTD return is BHG Retail REIT at 3.5%.
The retail REIT with the highest YTD return is Mapletree Commercial Trust at 50.7%.

The average YTD return for industrial REITs is 21.7%.
The industrial REIT with the lowest YTD return is Soilbuild REIT at -1.8%.
The industrial REIT with the highest YTD return is Mapletree Logistics Trust at 42%.

The average YTD return for hospitality REITs is 28.6%.
The hospitality REIT with the lowest YTD return is Frasers Hospitality Trust at 7.8%.
The hospitality REIT with the highest YTD return is Ascendas Hospitality Trust at 55.6%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a YTD return of 13.8% while Parkway Life REIT has a YTD return of 29.1%.

There is only 1 data centre REIT, Keppel DC REIT, which has a YTD return of 59.6%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a YTD return of 25.9%.

REIT gearing

The average gearing for all REITs is 35.0%.
The REIT with the lowest gearing is SPH REIT at 27.5%.
The REIT with the highest gearing is ESR-REIT at 41.6%.

The average gearing for office REITs is 36.3%.
The office REIT with the lowest gearing is Frasers Commercial Trust at 28.6%.
The office REIT with the highest gearing is OUE Commercial REIT at 40.5%.

The average gearing for retail REITs is 34.0%.
The retail REIT with the lowest gearing is SPH REIT at 27.5%.
The retail REIT with the highest gearing is CapitaLand Retail China Trust at 37.2%.

The average gearing for industrial REITs is 35.8%.
The industrial REIT with the lowest gearing is Mapletree Industrial Trust at 29.2%.
The industrial REIT with the highest gearing is ESR-REIT at 41.6%.

The average gearing for hospitality REITs is 35.3%.
The hospitality REIT with the lowest gearing is ARA US Hospitality Trust at 31.8%.
The hospitality REIT with the highest gearing is Far East Hospitality Trust at 39.6%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a gearing of 34.5% while Parkway Life REIT has a gearing of 37.2%.

There is only 1 data centre REIT, Keppel DC REIT, which has a gearing of 28.9%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a gearing of 37%.

REIT Price to Book or Price to NAV ratio

The average Price to Book value for all REITs is 1.09.
The REIT with the lowest Price to Book value is Eagle Hospitality Trust at 0.59.
The REIT with the highest Price to Book value is Keppel DC REIT at 1.84.

The average Price to Book value for office REITs is 1.03.
The office REIT with the lowest Price to Book value is Suntec REIT at 0.89.
The office REIT with the highest Price to Book value is Manulife US REIT at 1.23.

The average Price to Book value for retail REITs is 1.04.
The retail REIT with the lowest Price to Book value is Lippo Malls Indo Retail Trust at 0.77.
The retail REIT with the highest Price to Book value is Mapletree Commercial Trust at 1.39.

The average Price to Book value for industrial REITs is 1.17.
The industrial REIT with the lowest Price to Book value is Sabana REIT at 0.83.
The industrial REIT with the highest Price to Book value is Mapletree Industrial Trust at 1.62.

The average Price to Book value for hospitality REITs is 0.96.
The hospitality REIT with the lowest Price to Book value is Eagle Hospitality Trust at 0.59.
The hospitality REIT with the highest Price to Book value is Ascendas Hospitality Trust at 1.12.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a Price to Book value of 1.01 while Parkway Life REIT has a Price to Book value of 1.74.

There is only 1 data centre REIT, Keppel DC REIT, which has a Price to Book value of 1.84.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a Price to Book value of 1.02.