Singapore's listed trusts reap solid returns in the first quarter

SINGAPORE - Singapore's 34 listed trusts appeared to be in top form in the first quarter of the year, according to a Singapore Exchange (SGX) report.

Currently, 28 real estate investment trusts (Reits) and six stapled trusts are listed on SGX, and they are divided into eight sub-industries.

The trusts' combined market capitalisation listed on SGX stands at $69.8 billion, and they collectively maintain an average dividend yield of 6.3 per cent. This yield is more than double the yield of the Singapore Fixed Income Index (SFI) at 3 per cent.

Amongst the 34 trusts, averaged total returns stood at 4.1 per cent on a dividend-adjusted basis. The trusts also achieved a year-to-date gain of 5 per cent.

These results can be contrasted with the same period last year, where averaged total returns only amounted to slightly more than half of its current figure.

Healthcare Reits and retail Reits emerged as the two best-performing sub-industries, with an average total return of 6.8 per cent and 6.5 per cent respectively.

However, not all Reits reflected robust returns. Office Reits registered a 0.7 per cent average total return, making it the worst-performing Reit this quarter.

As for this quarter's best-performing trusts, they are Mapletree Commercial Trust, First Real Estate Investment Trust, Mapletree Greater China Commercial Trust, CapitaMall trust and Ascendas Real Estate Investment Trust.

The table below details the 28 REITs and six Stapled Trusts listed on the SGX.