Key Statistics

* All S-REITs with foreign currency exposure are converted to SGD for Market Cap comparison.

** Dividend yields are grouped based on the REIT’s Major Sector classification.

Related Parties' Shareholdings

Lease Profile

* For lease tenures longer than 99 years (or freehold), they are treated as 99 years in the Weighted Average Land Lease Expiry calculation for consistency.

Debt Profile

Diversification Profile

Key Financial Metrics

Distribution Components

52 Weeks Range, Dividend Yield & P/NAV

Below is the list of REITs with 4 out of 8 (or 3 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. CDL Hospitality Trusts
2. Far East Hospitality Trust
3. Frasers Logistics & Commercial Trust
4. IREIT Global
5. Lippo Malls Indonesia Retail Trust
6. Mapletree Industrial Trust
7. Mapletree Logistics Trust
8. Mapletree Pan Asia Commercial Trust
9. Sasseur REIT

* MCFK counters are bolded

Wrap-Up

S-REIT prices saw a modest uptick this month, particularly in the past week, pushing the median Price-to-NAV ratio to 0.77 — with 8 REITs now trading above book value. Meanwhile, the median dividend yield has compressed to 6.76%, and 9 REITs are offering yields above 8%. However, challenges persist — 4 REITs continue to suspend distributions, and 1 REIT is distributing only about 10% of its available income.

Looking ahead, the next FOMC meeting is scheduled for 30 July, where interest rates are widely expected to remain unchanged, based on CME FedWatch projections.