Logistics Focused REITs Comparison @ 28 September 2023

Below is a comparison using the latest data from comparison tables on SREITs Data page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure. 

I have added AIMS APAC REIT & ESR-LOGOS REIT in the comparison. Do note that EC World REIT is currently suspended for trading since 31 August. In addition, EC World announced on 27 September that the 1H2023 distribution would be deferred until further confirmation. Therefore, those distribution-related metrics below are on the basis of the 1H 2023 distribution being retained.

For logistics-focused REITs Comparison, the overall winner is:

Overall Winner

Now, let's dive into the details:

Fundamental

Overview & Related Parties Shareholding:

Overview Winner: Tie between AIMS APAC REIT & ESR-LOGOS REIT

Related Parties Shareholding Winner: EC World REIT

Lease & Diversification Profile:

Lease Profile Winner: Daiwa House Logistics Trust

Diversification Profile Winner: Mapletree Logistics Trust

Debt Profile & Key Financial Metrics:

Debt Profile Winner: Daiwa House Logistics Trust

Key Financial Metrics Winner: Daiwa House Logistics Trust

Distribution Breakdown & Growth Trend:

Distribution Breakdown Winner: EC World REIT

Growth Trend Winner: Daiwa House Logistics Trust

Relative Valuation

Price Range:

Winner: EC World REIT

Dividend Yield:

Winner: ESR-LOGOS REIT

P/NAV:

Winner: ESR-LOGOS REIT

The above is just a quick comparison without weightage assigned. You can refer below for more details on the individual review:

- AIMS APAC REIT Review @ 4 August 2023

- Daiwa House Logistics Trust Review @ 17 August 2023

- Mapletree Logistics Trust Review @ 26 July 2023

For more information, check out:

SREITs Dashboard - Detailed information on individual Singapore REIT

SREITs Data - Overview and details of Singapore REIT

REIT Review - List of previous REIT review posts

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*Disclaimer: The information presented on this blog is for educational and informational purposes only. The materials, including research and opinions, are based solely on my findings and should not be considered professional financial advice or a definitive statement of fact. I cannot guarantee the accuracy, completeness, or reliability of the information provided. I shall not be held liable for any errors, omissions, or losses that may occur as a result of using the information presented on this blog. It should be noted that the information presented on this blog does not constitute a buy, sell, or hold recommendation for any security. It is crucial to conduct your own thorough research and due diligence before making any investment decisions.