Saturday, July 30, 2011

Real Estate Investment Trusts (REITs) Listed on Singapore Stock Exchange

Based on my last count, there are a total of 24 real estate investment trusts (REITs in short) that are listed on the Singapore Stock Exchange or SGX. Interestingly, when I was doing some research on REITs, I was using SGX's website to filter out the REITs and found that there were only 20 listed when I applied the filter.

I did a quick scan and realised that CDL Hospitality Trust, CapitaRetail China Trust, Ascendas India Trust and K-REITs was not listed under the REIT section in the SGX website. I am not too sure why this is so. It is perhaps because these are not really REITs and just business trusts. This will probably explain it but nonetheless, I will treat them in the same light as REITs. So do take note that these 4 trusts included in my universe of 24 REITs are perhaps not true REITs in a certain sense.

Anyway, out of boredom, I also compiled and made a listing of the 24 REITs according to the kind of properties they are invested in. I hope this listing will prove useful if you intend to do some research of any kind.

Retail/Office (Total of 12)
  1. Fortune REIT (HK)
  2. CapitaRetail China Trust
  3. LippoMaple Indonesia Retail Trust
  4. Frasers Centrepoint Trust
  5. CapitaMall Trust
  6. Mapletree Commercial Trust
  7. Fraser Comm Trust
  8. Starhill Global
  9. Suntec REIT
  10. K-REIT
  11. Capita Comm
  12. Ascendas India Trust
Industrial REITs (Total of 7)
  2. Sabana
  3. Cambridge
  4. CACHE
  5. MapleTree Log
  6. Ascendas
  7. MapleTree Industrial Trust
Hospitals (Total of 2)
  1. First REIT
  2. PLife
Residential (Total of 2)
  1. Ascott Residence Trust
  2. Saizen (Japan)
Hotel (Total of 1)
  1. CDL Hospitality Trust
As you can see from the listing, a total of 12 REITs are in the retail/office sector. Out of these 12 REITs, 4 are in pure retail (s/no. 1 to 4 in listing above), 2 are in pure office (s/no 10 and 11) while the remaining 5 are in a mixture of office/retail (s/no. 5 to 9). 1 of them (s/no. 12) is involved in business parks in India so I don't know whether there is any retail element in it.

The 2nd largest sector is the industrial sector where there are a total of 7 REITs. The remaining sectors are in the residential, hospital and hotel.

So if one wishes to diversify amongst the REITs listed on the Singapore Stock Exchange, one actually has quite a few options. As the saying goes, don't put all your eggs into one basket. When investing in REITs, it is perhaps worthwhile to consider diversifying across the various sectors too.

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