
Five top-performing retail REITS averaged YTD total return of 31.5%
Lippo Malls Indonesia Retail Trust saw the highest total return of 37.2%.
The five best retail REITS, Lippo Malls Indonesia Retail Trust, Mapletree North Asia Commercial Trust, Sasseur REIT, Frasers Centrepoint Trust and Fortune REIT, reported an average year-to-date (YTD) total return of 31.5%, according to a report by SGX.
Lippo Malls Indonesia Retail Trust was the top REIT amongst the five, with a total return of 37.2%. Mapletree North Asia Commercial Trust ranked second at 32%, Sasseur REIT is at 31.7%, Frasers Centrepoint Trust at 30.3% and Fortune REIT at 26.2%.These firms’ one-year and three-year total returns were at 19.2% and 25.4% respectively.
There are 11 of the 34 listed REITS that are engaged in development, ownership, leasing, management and operation of shopping malls located in Singapore, Malaysia, Indonesia, Mainland China, Hong Kong, Japan and Australia. They have a combined market cap of more than $30b, whilst all 34 REITS’ market cap is $100b.
S-REITs was the top net buy sector in H2, with net institutional inflows of $396.3m.