Retail REITs in Singapore have rebounded since phase 2 in Singapore began. In this article, we will be covering five predominantly retail REITs in Singapore, namely Capitaland Integrated Commercial Trust, Frasers Centrepoint Trust, SPH REIT, Starhill Global REIT and Lendlease Global Commercial REIT, comparing their portfolio information, financial ratios, etc.

REIT portfolio overview

Capitaland Mall Trust recently merged with Capitaland Commercial Trust, to form Capitaland Integrated Commercial Trust (CICT). Owning five retail/office, eight office and 11 retail developments, wholly in Singapore, CICT is the largest market capitalisation trust in Singapore.

Frasers Centrepoint Trust owns seven retail malls in Singapore, including the newly renovated Northpoint City. Mostly located away from the downtown, these malls seek to serve housing estates.

SPH REIT owns five properties, all of which are retail malls. Three of the malls, the Rail Mall, Clementi Mall and Paragon, are situated in Singapore, while Figtree Grove Shopping Centre and Westfield Marion Shopping Centre are located in Australia.

Starhill Global REIT owns properties in China, Japan, Malaysia, Australia and Singapore. In Singapore, Starhill Global REIT owns two properties, Ngee Ann City and Wisma Atria, which make up 70.1% of its total asset value.