SGX lists seven GICS-categorised Industrial REITs. Including Soilbuild Business Space REIT and Viva Industrial Trust whose business parks are mostly for industrial use, there are a total of nine REITs associated with industrial parks.
These nine REITs have a combined market capitalisation of S$17 billion – and include a STI constituent. In the year thus far, the nine REITs generated average total returns of 6.5% and a 4.7% price gains.
The three largest capitalised Industrial REITs are Ascendas REIT, Mapletree Logistics Trust and Mapletree Industrial Trust. They averaged a price gain of 7.5% YTD, with dividends boosting total returns to 8.7%. Over the last 12 months, these three trusts averaged a price gain of 13.6%, with dividend-adjusted total returns rising to 20.3%. These three trusts also maintain an average 6.1% dividend yield, double that of the Singapore Fixed Income Index (SFI) at 3.0%.
With reporting season in full swing, the fourth quarter ending 31 March 2015 saw Ascendas REIT achieve a 4.5% year-over-year rise in distribution per unit (DPU) to 3.71 Singapore cents, while Mapletree Logistics Trust posted a 2.1% year-on-year decline in DPU to 1.85 Singapore cents. Mapletree Industrial Trust reported a 5.6% year-on-year rise in its DPU to 2.65 Singapore cents for its fourth quarter ended 31 March.
These three REITs invest in industrial-related properties. An industrial real estate investment trust (REIT) is one of the nine REIT types classified by the Global Industry Classification Standard (GICS®). According to GICS®, Industrial REITs comprise companies or trusts engaged in the acquisition, development, ownership, leasing, management and operation of industrial properties. This includes companies operating industrial warehouses and distribution properties.
Singapore Exchange (SGX) lists seven GICS-categorised Industrial REITs. They are Ascendas REIT, Mapletree Logistics Trust, Mapletree Industrial Trust, Cache Logistics Trust, AIMS AMP Capital Industrial REIT, Cambridge Industrial Trust and Sabana Shariah Compliance Industrial REIT. Two other REITs – Soilbuild Business Space REIT (Office REITs) and Viva Industrial Trust (Diversified REITs) – are also associated with the industrial segment, as their business parks are mostly for industrial use.
The nine REITs have a combined market capitalisation of S$16.8 billion, and generated an average and median year-to-date total return of 6.5% and 7.1% respectively. They also averaged a price gain of 4.7% in the year thus far.
Of these nine trusts, the three largest capitalised are Ascendas REIT, Mapletree Logistics Trust and Mapletree Industrial Trust. They have a combined market value of S$12.1 billion, accounting for almost three quarters of the total market capitalisation of the nine REITs.
The three also averaged a YTD price gain of 7.5%, with dividends boosting their year-to-date total returns to 8.7%. This is above the FTSE ST Real Estate Invesment Trust Index’s total return of 6.4% YTD. Ascendas REIT was also the first of the industrial REITs to be listed in Singapore and was included in the Straits Times Index (STI) earlier last year.
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The nine REITs have a combined market capitalisation of S$16.8 billion, and generated an average and median year-to-date total return of 6.5% and 7.1% respectively. They also averaged a price gain of 4.7% in the year thus far.
Of these nine trusts, the three largest capitalised are Ascendas REIT, Mapletree Logistics Trust and Mapletree Industrial Trust. They have a combined market value of S$12.1 billion, accounting for almost three quarters of the total market capitalisation of the nine REITs.
The three also averaged a YTD price gain of 7.5%, with dividends boosting their year-to-date total returns to 8.7%. This is above the FTSE ST Real Estate Invesment Trust Index’s total return of 6.4% YTD. Ascendas REIT was also the first of the industrial REITs to be listed in Singapore and was included in the Straits Times Index (STI) earlier last year.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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