S-REIT Data | Singapore REIT Data - LIVE Daily Updates (2024)

FAQs

What is the performance of Singapore REITs? ›

a) Total return: The FTSE ST REIT Index delivered 5-year total returns of 1.2%. During the January-March 2024 period, the FTSE ST REIT Index declined by 8.7% in terms of total return. b) Dividend yield: The average current dividend yield of S-REITs was 7.1% at the 31 December 2023.

The market cap of real estate investment trusts (REITs) in Singapore increased in the fourth quarter of 2023. As of December 2023, the aggregate market capitalization, or the market value of the outstanding shares of stocks of all REITs, amounted to 68.96 billion U.S. dollars.

CapitaLand Ascendas REIT, or CLAR, is Singapore's oldest industrial REIT with a portfolio of 232 properties in Singapore, the US, Europe, and Australia. Its AUM stood at S$16.9 billion as of 31 December 2023.

The overall business performance of the S-REIT sector has been lacklustre and some segments of the industry have not been able to recover to pre-COVID levels, either due to a change in business dynamics or due to an inflationary environment. Office REITs have faced challenges due to the new work-from-home (WFH) trends.

Singapore's five largest real estate investment trusts (REITs) averaged 5.6% in dividend yield in 2023, according to data from the Singapore Exchange (SGX). Amongst the ten largest S-REITs by market value, Frasers Logistic and Commercial Trust (FLCT) maintains the highest indicative yield, at 6.2%.

With rate cuts on the horizon, we believe investors have an opportunity to continue investing into S-Reits as the high estimated dividend yield of close to 7 per cent in 2024 will look increasingly attractive.

Fundamentally, the whole Singapore REITs landscape remains undervalued based on the average Price/NAV (at 0.79) value of the S-REITs, with still a very attractive DPU yield of 7.96%! (Weighted average yield of 6.45%).

Who is the largest REIT owner? ›

There are 42 S-Reits and property trusts listed on the Singapore Exchange as of 11 May 2023¹, making up a market capitalisation of $101 billion that represents 12% of the overall Singapore stock market. More than 90% of S-Reits and property trusts hold overseas properties in their portfolios.

Dividends that you do not pay tax on

Income distribution from Real Estate Investment Trusts (REITs), except those received by individuals through a partnership in Singapore or related to the carrying on of a trade, business, or profession in REITs.

THE five Reit exchange traded funds (ETFs) listed in Singapore averaged 7.2 per cent total returns in November. At 7.2 per cent total returns, this was the second best performer in terms of underlying segments across Singapore-listed ETFs, after ETFs with Vietnam Equities underlying.

There are 42 REITs and property trusts in Singapore.

REITs allow you to own a portfolio of real estate property without having to handle all the administrative headaches. Plus, Singapore REITs are required by law to pay out at least 90% of their taxable income as dividends to their shareholders. This makes them very attractive investments.

Investing in S-REITs can be a solid choice if: You are looking to build a reliable dividend income stream. You are seeking to diversify your stock portfolio to assets that are less volatile. You are looking to expand your dividend portfolio to earn dividends in SGD.

Looking across the entire Singapore market, S-Reits was the most represented sector among the top 20 retail net buy stocks. There were eight S-Reits and property trusts among the top 20 stocks which recorded the most retail net inflows in Q1 2024.