REIT-TIREMENT - REITs Investing & Personal Finance

REITs investing & personal finance


Sunday, March 31, 2024

SREITs Fundamental Review @ 31 March 2024

Basic Overview

* Extracted from SREITs Data - Overview Tab
** 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 Breakdown

* Extracted from SREITs Data - Div Breakdown Tab


TTM Distribution Breakdown


Dividend Yield & P/NAV

* Extracted from SREITs Data - Relative Tab


Below is the list of REITs with 5 out of 6 (or 3 out of 4 for newly listed) being +2SD/+1SD Dividend Yield and -2SD/-1SD P/NAV over the past 1 year, 3 years, or 5 years:

  1. CapitaLand China Trust
  2. Frasers Logistics & Commercial Trust
  3. Keppel DC REIT
  4. Keppel Pacific Oak US REIT
  5. Lippo Malls Indonesia Retail Trust
  6. Mapletree Logistics Trust
  7. Mapletree Pan Asia Commercial Trust
  8. Parkway Life REIT
  9. Suntec REIT

* MCFK counters are bolded


Share prices have shown a slight recovery, following the reaffirmation of three rate cuts this year in the recent FOMC meeting. Currently, the median Price/NAV ratio is 0.74, with 6 REITs trading above a Price/NAV ratio of 1. The median dividend yield stands at 6.93%, with 7 REITs offering a dividend yield of over 10%. However, 4 REITs have halted distributions. While high dividend yields may be tempting, it's important not to base investment decisions solely on yield. Always conduct thorough due diligence before investing.


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.

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