Singapore Retail Focused REITs Comparison @ 3 December 2020

Previously I've shared about China Retail Focused REITs/BizTrust Comparison, this time, let's compare Singapore retail focused REITs. MCT and Suntec are excluded as both are focus on the office sector. For the previous comparison, please refer here.

* Growth Trend for DPU is not adjusted for any equity fundraising.

Below is the summary for REIT with more favorable points by categories:

1) Basic Profile & Key Statistics - CICT

2) Related Parties Shareholding - FCT, LREIT & SPH

3) Lease Profile - SPH

4) Debt Profile - CICT & LREIT

5) Diversification - CICT, SPH & SGREIT

6) Key Financial Metrics - LREIT

7) Growth Trend - CICT

8) Overall - CICT, followed by a tie between LREIT & SPH

How about relative valuation?

For relative valuation, SGREIT is more favorable.

Above is just a quick comparison, you could refer to more detail on the individual analysis below:

- CapitaLand Mall Trust Analysis @ 23 October 2020

- Frasers Centrepoint Trust Analysis @ 9 November 2020

- SPH REIT Analysis @ 7 October 2020

- Starhill Global REIT Analysis @ 2 November 2020

For more information, you could refer to:

SREITs Dashboard - Detailed information on individual Singapore REIT

SREITs Data - Overview of Singapore REIT

REIT Analysis - List of previous REIT analysis posts

REIT Investing Community - Facebook Group where members share and discuss REIT topic

*Disclaimer: Materials in this blog are based on my research and opinion which I don't guarantee accuracy, completeness, and reliability. It should not be taken as financial advice or a statement of fact. I shall not be held liable for errors, omissions as well as loss, or damage as a result of the use of the material in this blog. Under no circumstances does the information presented on this blog represent a buy, sell, or hold recommendation on any security, please always do your own due diligence before any decision is made.