REIT-TIREMENT - REITs Investing & Personal Finance

REITs investing & personal finance


Sunday, November 24, 2024

SREITs Fundamental Review @ 24 November 2024

Overview

* CapitaLand India Trust is a Business Trust

Key Statistics

* SREITs in foreign currencies are converted to SGD for Market Cap 

** Dividend yields are based on REIT Major Sector


Related Parties' Shareholdings


Lease Profile

* Freehold or land lease tenure with more than 99 years is considered as 99 years in the Weighted Average Land Lease Expiry calculation.


Debt Profile



Diversification Profile


Key Financial Metrics


Distribution Components



Dividend Yield & P/NAV

Below is the list of REITs with 6 out of 8 (or 3 out of 4 for newly listed) being +2SD/+1SD Dividend Yield and -2SD/-1SD P/NAV over the past 1 year, 3 years, or 5 years:

  1. Acrophyte Hospitality Trust
  2. CapitaLand Ascendas REIT
  3. CapitaLand Ascott Trust
  4. CapitaLand China Trust
  5. CDL Hospitality Trusts
  6. Frasers Hospitality Trust
  7. Frasers Logistics & Commercial Trust
  8. IREIT Global
  9. Mapletree Logistics Trust
  10. Mapletree Pan Asia Commercial Trust

* MCFK counters are bolded


SREITs share prices have further declined despite a 25 bps rate cut early this month. The median Price/NAV ratio is 0.76 with 5 REITs trading above a P/NAV ratio of 1. The median dividend yield is now at 6.85%, with 1 REIT offering over a 10% yield. Meanwhile, 4 REITs have suspended distributions, and 1 has distributed only 10% of its income.


The next FOMC will be held on 18 December, current CME FedWatch shows a higher likelihood of a 25 bps rate cut.


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.

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