SREITs Fundamental Review @ 29 December 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 4 out of 8 (or 3 out of 6 for newly listed) being +2SD/+1SD Dividend Yield and -2SD/-1SD P/NAV over the past 1 year, 3 years, 5 years or 5 years:

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

* MCFK counters are bolded

S-REITs’ share prices stay weak despite this month’s 25 bps rate cut. The median Price/NAV is 0.78, with 5 REITs trading above 1. Median dividend yield: 6.83%, and 1 REIT offers over 10%. Meanwhile, 4 REITs have halted distributions and 1 REIT distributed only 10% of distributable income. 

The next FOMC will be held on 28-29 January, CME FedWatch shows a higher likelihood of no rate change.

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.