The combined market capitalisation of the 28 REITs and six Stapled Trusts listed on SGX is S$ 69.8 billion. Together, the 34 trusts maintain an average dividend yield of 6.3%, which is more than double the yield of the Singapore Fixed Income Index (SFI) at 3.0%.
For the first quarter, the 34 trusts averaged total returns of 4.1% on a dividend-adjusted basis, which is nearly twice that of the year-ago period, and a YTD gain of 5.0%.
The five best performers in 1Q were Mapletree Commercial Trust, First Real Estate Investment Trust, Mapletree Greater China Commercial Trust, CapitaMall Trust and Ascendas Real Estate Investment Trust.
Real Estate Investment Trusts (REITs) are traded on major exchanges just like stocks. REITs invest in a wide range of diversified real estate assets such as office, residential, retail, hospitality, industrial properties or hi-tech parks. REITs listed on SGX that distribute at least 90% of their distributable income to unit holders are granted tax transparency by IRAS and taxed only in the hands of unit holders.
There are 28 REITs and six stapled trusts listed on the Singapore Exchange (SGX), and they are divided into eight sub-industries. In the first quarter of 2015, Healthcare REITs was the best performing sub-industry, with an average total return of 6.8%. This was followed by Retail REITs, which generated an average total return of 6.5% and Specialized REITs, which offered an average total return of 5.6%.
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