REIT Data

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.




REIT Market cap

Total REIT market cap stands at S$86.3b. Among the REITs, office has a market cap of S$20.1b, retail S$28.3, industrial S$23.1b, hospitality S$8.9b, healthcare S$2.6b, data centres S$1.8b and others S$1.5b.

Number of REITs

There are 8 office REITs, 11 retail REITs, 11 industrial REITs, 6 hospitality REITs, 2 healthcare REITs, 1 data centre REIT and 1 REIT in the Others category, for a total of 40 REITs.

REIT currencies

There are 36 SGD denominated REITs, 2 USD denominated REITs, 1 EUR denominated REIT and 1 HKD 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, 1 REIT has a Financial Year Ending in June, 1 REIT has a Financial Year Ending in August.




REIT dividend/distribution payout frequency

19 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 6.8%.
The REIT with the lowest yield is ParkwayLife REIT at 4.7%.
The REIT with the highest yield is Lippo Malls Indo Retail Trust at 10.2%.

The average yield for office REITs is 6.3%.
The office REIT with the lowest yield is Keppel REIT at 5%.
The office REIT with the highest yield is Keppel-KBS US REIT at 7.7%.

The average yield for retail REITs is 6.8%.
The retail REIT with the lowest yield is CapitaLand Mall Trust at 5.2%.
The retail REIT with the highest yield is Lippo Malls Indo Retail Trust at 10.2%.

The average yield for industrial REITs is 7.5%.
The industrial REIT with the lowest yield is Ascendas REIT at 6.4%.
The industrial REIT with the highest yield is EC World REIT at 8.6%.

The average yield for hospitality REITs is 6.7%.
The hospitality REIT with the lowest yield is CDL Hospitality Trusts at 6%.
The hospitality REIT with the highest yield is Ascendas Hospitality Trust at 7.2%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a yield of 7.2% while Parkway Life REIT has a yield of 4.7%.

There is only 1 data centre REIT, Keppel DC REIT, which has a yield of 5.5%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a yield of 7.4%.




REIT forward dividend/distribution yields

Forward dividend yields are based on Bloomberg consensus forecasts for the current/next financial year.

The average forward yield for all REITs is 7.0%.
The REIT with the lowest forward yield is ParkwayLife REIT at 4.9%.
The REIT with the highest forward yield is Lippo Malls Indo Retail Trust at 10.2%.

The average forward yield for office REITs is 6.4%.
The office REIT with the lowest forward yield is Keppel REIT at 5%.
The office REIT with the highest forward yield is Keppel-KBS US REIT at 8.1%.

The average forward yield for retail REITs is 6.9%.
The retail REIT with the lowest forward yield is CapitaLand Mall Trust at 5.3%.
The retail REIT with the highest forward yield is Lippo Malls Indo Retail Trust at 10.2%.

The average forward yield for industrial REITs is 7.6%.
The industrial REIT with the lowest forward yield is Ascendas REIT at 6.6%.
The industrial REIT with the highest forward yield is EC World REIT at 9.2%.

The average forward yield for hospitality REITs is 7.0%.
The hospitality REIT with the lowest forward yield is CDL Hospitality Trusts at 6.2%.
The hospitality REIT with the highest forward yield is OUE Hospitality Trust at 7.5%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a forward yield of 7.5% while Parkway Life REIT has a forward yield of 4.9%.

There is only 1 data centre REIT, Keppel DC REIT, which has a forward yield of 5.7%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a forward yield of 7.6%.




REIT year to date returns

The average YTD return for all REITs is -3.3%.
The REIT with the lowest YTD return is Lippo Malls Indo Retail Trust at -32.3%.
The REIT with the highest YTD return is Sabana REIT at 14.1%.

The average YTD return for office REITs is -5.0%.
The office REIT with the lowest YTD return is Suntec REIT at -10.6%.
The office REIT with the highest YTD return is IREIT Global at 4.9%.

The average YTD return for retail REITs is -4.1%.
The retail REIT with the lowest YTD return is Lippo Malls Indo Retail Trust at -32.3%.
The retail REIT with the highest YTD return is CapitaLand Mall Trust at 3.6%.

The average YTD return for industrial REITs is -0.5%.
The industrial REIT with the lowest YTD return is Cache Logistics Trust at -9.1%.
The industrial REIT with the highest YTD return is Sabana REIT at 14.1%.

The average YTD return for hospitality REITs is -6.3%.
The hospitality REIT with the lowest YTD return is OUE Hospitality Trust at -13.3%.
The hospitality REIT with the highest YTD return is CDL Hospitality Trusts at -0.5%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a YTD return of -8% while Parkway Life REIT has a YTD return of -7.3%.

There is only 1 data centre REIT, Keppel DC REIT, which has a YTD return of 0%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a YTD return of 9%.




REIT gearing

The average gearing for all REITs is 34.5%.
The REIT with the lowest gearing is Fortune REIT at 22.3%.
The REIT with the highest gearing is Viva Industrial Trust at 41%.

The average gearing for office REITs is 37.4%.
The office REIT with the lowest gearing is Keppel-KBS US REIT at 33.1%.
The office REIT with the highest gearing is OUE Commercial REIT at 40.3%.

The average gearing for retail REITs is 31.9%.
The retail REIT with the lowest gearing is Fortune REIT at 22.3%.
The retail REIT with the highest gearing is Mapletree North Asia Com at 38.8%.

The average gearing for industrial REITs is 35.3%.
The industrial REIT with the lowest gearing is EC World REIT at 28.9%.
The industrial REIT with the highest gearing is Viva Industrial Trust at 41%.

The average gearing for hospitality REITs is 34.3%.
The hospitality REIT with the lowest gearing is Ascendas Hospitality Trust at 23.7%.
The hospitality REIT with the highest gearing is Far East Hospitality Trust at 40.3%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a gearing of 34.2% while Parkway Life REIT has a gearing of 38.1%.

There is only 1 data centre REIT, Keppel DC REIT, which has a gearing of 31.7%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a gearing of 33.9%.




REIT Price to Book or Price to NAV ratio

The average Price to Book value for all REITs is 0.97.
The REIT with the lowest Price to Book value is Fortune REIT at 0.58.
The REIT with the highest Price to Book value is ParkwayLife REIT at 1.53.

The average Price to Book value for office REITs is 0.88.
The office REIT with the lowest Price to Book value is OUE Commercial REIT at 0.59.
The office REIT with the highest Price to Book value is IREIT Global at 1.06.

The average Price to Book value for retail REITs is 0.90.
The retail REIT with the lowest Price to Book value is Fortune REIT at 0.58.
The retail REIT with the highest Price to Book value is Frasers Centrepoint Trust at 1.09.

The average Price to Book value for industrial REITs is 1.03.
The industrial REIT with the lowest Price to Book value is EC World REIT at 0.71.
The industrial REIT with the highest Price to Book value is Mapletree Industrial Trust at 1.31.

The average Price to Book value for hospitality REITs is 0.88.
The hospitality REIT with the lowest Price to Book value is Far East Hospitality Trust at 0.73.
The hospitality REIT with the highest Price to Book value is CDL Hospitality Trusts at 1.05.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a Price to Book value of 1.21 while Parkway Life REIT has a Price to Book value of 1.53.

There is only 1 data centre REIT, Keppel DC REIT, which has a Price to Book value of 1.35.

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




REIT nameSectorCurrencyShare priceMkt capFloatFYEDPU frequencyREIT nameCurrent DPUFwd DPUCurrent yieldFwd yieldYTD returnGearingP/B
CapitaLand Commercial TrustOfficeSGD1.746,51469.9DecSemi-AnlCapitaLand Commercial Trust8.99.05.15.2-5.537.90.95
Frasers Commercial TrustOfficeSGD1.431,27174.7SepQuarterFrasers Commercial Trust9.89.76.96.80.935.40.94
IREIT GlobalOfficeSGD0.7647630.8DecSemi-AnlIREIT GlobalN.A.N.A.N.A.N.A.4.938.61.06
Keppel REITOfficeSGD1.173,98753.9DecQuarterKeppel REIT5.95.95.05.0-3.838.60.83
Manulife US REITOfficeUSD0.791,00592.6DecSemi-AnlManulife US REIT5.76.07.27.6-6.637.30.95
OUE Commercial REITOfficeSGD0.5483716.8DecSemi-AnlOUE Commercial REIT3.83.77.06.9-9.240.30.59
Suntec REITOfficeSGD1.854,93572.3DecQuarterSuntec REIT10.010.05.45.4-10.637.90.88
Keppel-KBS US REITOfficeUSD0.7849285.7DecSemi-AnlKeppel-KBS US REIT6.06.37.78.1-9.933.10.87
BHG Retail REITRetailSGD0.6934767.5DecSemi-AnlBHG Retail REITN.A.N.A.N.A.N.A.0.131.80.83
CapitaLand Mall TrustRetailSGD2.127,52465.5DecQuarterCapitaLand Mall Trust11.111.35.25.33.631.51.05
CapitaLand Retail China TrustRetailSGD1.431,40262.3DecSemi-AnlCapitaLand Retail China Trust10.711.07.57.7-8.032.10.84
Fortune REITRetailHKD9.3117,85072.3DecSemi-AnlFortune REIT52.153.35.65.72.322.30.58
Frasers Centrepoint TrustRetailSGD2.222,05757.9SepQuarterFrasers Centrepoint Trust12.112.95.55.83.229.31.09
Lippo Malls Indo Retail TrustRetailSGD0.2672863.4DecQuarterLippo Malls Indo Retail Trust2.62.610.210.2-32.336.00.85
Mapletree Commercial TrustRetailSGD1.594,59165.7MarQuarterMapletree Commercial Trust9.09.25.75.82.334.71.07
Mapletree North Asia ComRetailSGD1.123,53869.0MarQuarterMapletree North Asia Com7.77.76.96.9-4.538.80.85
SPH REITRetailSGD1.002,57225.1AugQuarterSPH REIT5.65.75.65.7-0.825.41.06
Starhill Global REITRetailSGD0.691,50565.3JunQuarterStarhill Global REIT4.84.97.07.1-6.735.50.76
Sasseur REITRetailSGD0.7284421.7DecSemi-AnlSasseur REIT6.06.28.48.7N.A.33.20.89
AIMS AMP Capital Ind REITIndustrialSGD1.3995387.2MarQuarterAIMS AMP Capital Ind REIT10.511.07.67.96.633.61.01
Ascendas REITIndustrialSGD2.557,92781.1MarSemi-AnlAscendas REIT16.416.96.46.6-0.735.71.23
Cache Logistics TrustIndustrialSGD0.7478990.3DecQuarterCache Logistics Trust6.16.28.38.4-9.135.31.05
EC World REITIndustrialSGD0.7156141.6DecSemi-AnlEC World REIT6.16.58.69.2-0.628.90.71
ESR-REITIndustrialSGD0.5079271.8DecQuarterESR-REIT3.94.17.88.2-5.930.50.86
Frasers Logistics & Ind TrustIndustrialSGD1.052,10778.6SepSemi-AnlFrasers Logistics & Ind Trust7.47.07.06.7-4.836.31.19
Mapletree Industrial TrustIndustrialSGD1.943,66068.2MarQuarterMapletree Industrial Trust12.412.96.46.6-0.735.01.31
Mapletree Logistics TrustIndustrialSGD1.224,34868.8MarQuarterMapletree Logistics Trust7.98.06.56.6-1.736.41.09
Sabana REITIndustrialSGD0.4344872.3DecQuarterSabana REITN.A.N.A.N.A.N.A.14.138.20.79
Soilbuild REITIndustrialSGD0.6062964.1DecQuarterSoilbuild REIT5.15.08.68.4-5.837.60.94
Viva Industrial TrustIndustrialSGD0.9188143.2DecQuarterViva Industrial Trust7.07.07.77.72.841.01.19
Ascendas Hospitality TrustHospitalitySGD0.8191864.3MarSemi-AnlAscendas Hospitality Trust5.86.07.27.4-2.123.70.80
Ascott Residence TrustHospitalitySGD1.082,33555.3DecSemi-AnlAscott Residence Trust7.07.36.56.8-6.135.70.87
CDL Hospitality TrustsHospitalitySGD1.591,91562.6DecSemi-AnlCDL Hospitality Trusts9.59.96.06.2-0.533.21.05
Far East Hospitality TrustHospitalitySGD0.631,17840.6DecQuarterFar East Hospitality Trust4.14.36.56.8-8.740.30.73
Frasers Hospitality TrustHospitalitySGD0.711,31838.9SepSemi-AnlFrasers Hospitality Trust4.84.96.87.0-7.234.00.91
OUE Hospitality TrustHospitalitySGD0.711,28451.6DecQuarterOUE Hospitality Trust5.05.37.17.5-13.338.70.93
First REITHealthcareSGD1.2296067.0DecQuarterFirst REIT8.89.17.27.5-8.034.21.21
ParkwayLife REITHealthcareSGD2.681,62154.3DecQuarterParkwayLife REIT12.713.04.74.9-7.338.11.53
Keppel DC REITData centreSGD1.361,83874.7DecSemi-AnlKeppel DC REIT7.57.85.55.70.031.71.35
Cromwell European REITOthersEUR0.5891527.8DecSemi-AnlCromwell European REIT4.34.47.47.69.033.91.02
Accordia Golf TrustReal estate trustSGD0.5459471.1MarSemi-AnlAccordia Golf Trust4.14.97.59.1-18.324.80.61
Ascendas India TrustReal estate trustSGD1.051,08971.6MarSemi-AnlAscendas India Trust6.77.46.47.0-5.831.01.15
Dasin Retail TrustReal estate trustSGD0.8647923.7DecSemi-AnlDasin Retail Trust7.57.78.79.06.731.50.58
Asian Pay Television TrustInfrastructure trustSGD0.3448199.9DecQuarterAsian Pay Television Trust6.53.519.410.4-36.351.40.42
Keppel Infrastructure TrustInfrastructure trustSGD0.501,91056.0MarQuarterKeppel Infrastructure Trust3.93.97.97.9-9.440.11.72
NetLink NBN TrustInfrastructure trustSGD0.793,05975.0MarSemi-AnlNetLink NBN Trust5.05.06.46.4-2.213.80.98
First Ship Lease TrustPort and shipping trustSGD0.085175.1DecIrregFirst Ship Lease TrustN.A.N.A.N.A.N.A.-11.142.60.21
Hutchison Port HoldingsPort and shipping trustUSD0.262,22172.3DecSemi-AnlHutchison Port Holdings2.42.39.29.1-33.328.90.44
RHT Health TrustHealthcare trustSGD0.7560962.9MarIrregRHT Health Trust5.15.96.87.9-5.429.80.93

Updated: 20th October 2018

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

1) SGD/JPY = 0.012149; SGD/USD = 1.3831; SGD/HKD = 0.1765; USD/HKD = 0.12763; SGD/EUR = 1.5938; SGD/AUD = 0.9751; CNY/SGD = 4.9708
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) Mapletree Greater China Commercial Trust has changed its name to Mapletree North Asia Commercial Trust with effect from 25 May 2018
6) Keppel-KBS US REIT’s Curr DPU and Fwd DPU are based on its prospectus’ FY18 and FY19 forecasted figures, respectively.
7) Cromwell European REIT’s Curr DPU and Fwd DPU are based on its prospectus’ FY18 and FY19 forecasted figures, respectively.
8) Sasseur REIT’s Curr DPU is for FY18, based on the annualised DPU for the Forecast Period 2018 (with Entrusted Management Agreements) as stated in the prospectus.
Fwd DPU is calculated from the prospectus’ FY19 forecasted yield. D/A and P/B calculations are based on pro forma figures as at listing date.