SREITs Fundamental Review @ 23 February 2025

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

52 Weeks Range, Dividend Yield & P/NAV

Below is the list of REITs with 6 out of 8 (or 4 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 10 years:

1. CapitaLand Ascendas REIT
2. CapitaLand India Trust
3. CDL Hospitality Trusts
4. Far East Hospitality Trust
5. Frasers Centrepoint Trust
6. Frasers Logistics & Commercial Trust
7. IREIT Global
8. Keppel REIT
9. Mapletree Industrial Trust
10. Mapletree Logistics Trust
11. Mapletree Pan Asia Commercial Trust

* MCFK counters are bolded

REIT prices have been declining again over the past month, pushing the median Price/NAV to 0.72. Currently, 6 REITs are trading above 1. Meanwhile, the median dividend yield has risen to 6.96%, with two REITs offering yields above 10%. Additionally, four REITs have halted distributions, and one REIT distributed only around 10% of its distributable income.

The next FOMC (18-19 March) is widely expected to maintain current rates, as reflected in the CME FedWatch projections.

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.