Singapore Office Focused REITs Comparison @ 23 February 2021

Let's see how the 4 Singapore Office Focused REITs fair against each other after the latest result announcement. 

Image by Jason Goh from Pixabay

* 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 - OUECT

2) Related Parties Shareholding - OUECT

3) Lease Profile - KREIT & SUNTEC

4) Debt Profile - MCT

5) Diversification - SUNTEC

6) Key Financial Metrics - KREIT & MCT

7) Growth Trend - KREIT

8) Overall - KREIT, followed by MCT

For relative valuation, let's use the reversion to mean method to gauge.

At the current price level, it is a tie between KREIT, OUECT and Suntec in terms of reversion to mean valuation.

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

- Keppel REIT Review @ 26 January 2021

- Mapletree Commercial Trust Review @ 7 February 2021

- Suntec REIT Review @ 3 February 2021

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.