Singapore retail REITs: how do they stack up during the covid recovery phase? – The Property Chronicle
Select your region of interest:

Real estate, alternative real assets and other diversions

Singapore retail REITs: how do they stack up during the covid recovery phase?

The Analyst

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.






The Analyst

About Kenny Loh

Kenny Loh

Kenny Loh is a senior consultant and REITs specialist at Singapore’s top independent financial adviser. He is also a certified financial planner, REIT trainer for the Singapore Exchange, and a certified trainer by the Institute of Banking and Finance Singapore. His personal investment blog is at http://mystocksinvesting.com.

Articles by Kenny Loh

Subscribe to our print magazine now!

SUBSCRIBE

Our Partners