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Singapore Real Estate Investment Trusts (REITs) posted a total return of 14.2 percent on average in 2016, with an average dividend yield of 6.7 percent, according to SGXMyGateway’s latest update.
This is comparatively higher than the 3.9 percent dividend yield for the Straits Times Index (STI) and the MSCI World REIT Index.
With a combined market capitalisation of more than S$74 billion, the S-REIT Sector is made up of 32 REITs and six stapled trusts.
The SGX S-REIT Index is a “free-float, market capitalisation-weighted index that measures that performance of stocks operating within the REIT sector”.
The index is made up of 34 constituents “with a combined market capitalisation of more than S$68 billion and average dividend yield of 6.6 percent”.
To date, the index has generated 17.3 percent in total returns for the year thus far.
The five trusts with the highest dividend yields are Viva Industrial Trust, Sabana Shariah Compliant Industrial REIT, Soilbuild Business Space REIT, Lippo Malls Indonesia Retail Trust and Cache Logistics Trust.
In terms of total returns, this year’s top five performing constituents so far are Saizen REIT, Mapletree Commercial Trust, Keppel REIT, Fortune REIT and Mapletree Greater China Commercial Trust.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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