Mapletree REITs amongst most ‘defensive' stocks: SGX

The four REITs saw average annualised total returns of 13.3% since their IPOs.

Mapletree REITs including Mapletree Logistics Trust (MLT), Mapletree Industrial Trust (MIT), Mapletree Commercial Trust (MCT) & Mapletree North Asia Commercial Trust (MNACT) are amongst the most defensive stocks as their annualised total returns since their initial public offerings (IPOs) between 2005 and 2013 hit 13.3%, the Singapore Exchange (SGX) said.

SGX also noted that the combined IPO market capitalisation of the four REITs was at $5.8b. By 23 November, this almost tripled to $16b.
YTD, the four Mapletree REITs averaged a 1% decline in total return, following a 33% average total returns in 2017.

“By comparison the FTSE EPRA/NAREIT Asia Pacific ex-Japan Index declined 3% & the iEdge S-REIT Index declined 4% in 2018 YTD,” SGX explained to show the strength of the REITs.

Also read: Mapletree Logistics Trust likely to expand footprint into new markets

MCT saw the highest total return YTD of 6.3%, followed by MLT (-2.5%), MIT (-3.3%), and MNACT (-5.4%).

Since their IPOs, MIT saw the highest average annualised total returns of 16.6%, followed by MCT (14.9%), MLT (12%), and MNACT (9.8%), SGX revealed.

“Mapletree Investments was established in December 2000 to hold non-port properties transferred from PSA Corporation to Temasek Holdings,” SGX noted. “Since joining Mapletree in 2003 as Group CEO, Hiew Yoon Khong has led the group from a Singapore-centric real estate company worth $2.3b to a global company with total assets under management of more than $46b.”