OREANDA-NEWS. Real Estate Investment Trusts (REITs) raise capital to purchase primarily real estate assets, usually with a view to generating income for unit holders of the fund. It allows individual investors to access real property assets, and share the benefits and risks of owning a portfolio of properties, which typically distribute income at regular intervals.

The Singapore REIT Sector has a combined market capitalisation of S$62.5 billion as of 20 October 2015, and averages a dividend yield of 6.7%. This compares with an average dividend yield of 3.9% for the MSCI World Real Estate Investment Trust Index. The MSCI World Real Estate Investment Trust Index comprises 68 constituents, with a combined market capitalisation of US$844.4 billion as of 20 October 2015. These constituents generate a majority of their revenue and income from real estate rental and leasing operations.

The two REITs going ex-dividend on 23 Oct are Mapletree Logistics Trust and Keppel REIT, and they have distribution yields of 7.4% and 1.5% respectively.

Mapletree Logistics Trust was listed in July 2005, and has a portfolio consisting of 119 properties across eight geographic markets. The upcoming distribution on Friday is 1.86 cents. Keppel REIT was listed in April 2006, and has a portfolio consisting of nine properties in Singapore and Australia. The upcoming distribution on Friday is 1.7 cents.

As of Tuesday’s close, the five highest-yielding REITs were Viva Industrial Trust, Sabana Shariah Compliant Industrial REIT, Lippo Malls Indonesia Retail Trust, Cache Logistics Trust and AIMS AMP Capital Industrial REIT. Together, these five trusts average a dividend yield of 8.8%.

The table below details the 34 trusts and is sorted by dividend yield. Note that clicking on a stock name will direct you to its profile page on StockFacts.

Name SGX Code Mkt. Cap. in S$ mm Price vs. 12M High % Price vs. 12M Low % % Price Change YTD % Change - Dividend Adj. YTD % Change - Dividend Adj.  [3 Years] Div. Ind Yld. in %
Viva Industrial Trust T8B 536 -10.1 7.8 -4.4 0.8 N/A 9.4
Sabana Shariah Compliant Industrial REIT M1GU 574 -22.3 10.6 -16.5 -11.3 -12.5 9.1
Lippo Malls Indonesia Retail Trust D5IU 884 -16.7 8.3 -4.4 0.2 -15.4 9.0
Cache Logistics Trust K2LU 799 -15.4 8.5 -12.1 -7.0 2.5 8.4
AIMS AMP Capital Industrial REIT O5RU 881 -9.2 5.7 -1.8 4.1 21.3 8.1
OUE Hospitality Trust SK7 1,077 -18.2 9.5 -10.5 -5.5 N/A 8.1
Cambridge Industrial Trust J91U 805 -13.8 16.8 -8.1 -3.0 16.7 7.9
Soilbuild Business Space REIT SV3U 764 -6.3 10.8 3.8 12.2 N/A 7.9
CDL Hospitality Trusts J85 1,350 -24.5 12.8 -21.3 -16.1 -19.3 7.6
Ascendas Hospitality Trust Q1P 747 -7.6 17.5 -1.5 2.2 -11.2 7.6
Mapletree Logistics Trust M44U 2,527 -19.1 10.3 -13.9 -9.8 6.2 7.4
Far East Hospitality Trust Q5T 1,220 -20.8 22.3 -16.0 -12.0 -19.8 7.1
CapitaLand Retail China Trust AU8U 1,228 -18.0 12.7 -9.6 -3.8 7.4 7.0
Frasers Commercial Trust ND8U 919 -14.9 14.0 -4.9 0.3 39.0 7.0
Mapletree Industrial Trust ME8U 2,646 -10.0 10.0 1.0 6.3 32.7 7.0
Saizen REIT T8JU 244 -8.0 10.3 0.0 7.4 21.8 6.9
Mapletree Greater China Commercial Trust RW0U 2,637 -12.3 13.5 1.6 4.9 N/A 6.8
Ascott Residence Trust A68U 1,864 -8.3 11.0 -4.7 1.4 18.3 6.7
Keppel DC REIT* AJBU 931 -5.0 10.6 7.2 10.8 N/A 6.5
Starhill Global REIT P40U 1,745 -10.1 15.1 0.0 4.6 21.7 6.3
OUE Commercial REIT TS0U 589 -19.2 21.6 -7.2 -1.0 N/A 6.3
First REIT AW9U 995 -9.5 16.7 6.0 12.5 53.3 6.2
Ascendas REIT A17U 5,779 -11.4 12.7 0.8 3.8 14.5 6.2
CapitaLand Commercial Trust C61U 4,113 -27.9 13.9 -20.5 -16.2 5.7 6.1
Mapletree Commercial Trust N2IU 2,781 -20.8 6.9 -6.7 -2.9 23.7 6.1
Suntec REIT T82U 4,155 -17.7 16.1 -15.6 -12.1 24.0 5.8
Frasers Centrepoint Trust J69U 1,820 -7.7 8.2 4.7 9.3 25.0 5.8
Fortune REIT F25U 2,624 -13.3 13.9 5.4 11.1 79.2 5.5
SPH REIT SK6U 2,403 -12.8 6.2 -8.7 -3.7 N/A 5.5
Parkway Life REIT C2PU 1,386 -6.9 5.1 -3.8 0.0 23.9 5.4
CapitaLand Mall Trust C38U 7,066 -10.5 10.6 0.0 3.9 10.9 5.4
IREIT Global UD1U 286 -24.9 10.6 -11.7 -5.8 N/A 3.1
Keppel REIT K71U 3,180 -20.7 9.9 -18.4 -15.9 -4.2 1.5
Frasers Hospitality Trust ACV 906 -17.4 11.8 -14.6 -8.6 N/A N/A
Average     -14.4 11.8 -6.1 -1.1 14.6 6.7