Top five S-REITs averaged total return of 47.4% YTD

RHT Health Trust has the highest total return at 98.2%.

The five best-performing S-REITs hit an average total return of 47.4% YTD, according to a note from the SGX. These five are RHT Health Trust, Ascendas Hospitality Trust, Ascendas India Trust, Lippo Malls Indonesia Retail Trust and Mapletree Commercial Trust.

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Of these five, RHT Health Trust has the highest total return at 98.2%. This is followed by Ascendas Hospitality Trust at 38.6%, whilst total returns of Ascendas India Trust, Lippo Malls Indonesia Retail Trust and Mapletree Commercial Trust hit returns of 35.3%, 34.9% and 30.1%, respectively.

The five firms’ average one-year total return is 38.5% whilst its three-year total return is 56.5%. Four of the five trusts are in the hospitality/tourism, industrial, office and retail segments.

Overall, SGX lists 35 REITs, seven stapled trusts and three property trusts with a combined market cap of over $100b. From January to July, S-REITs garnered total institutional inflows of $187.1m, with two of the seven months – April and July – registering outflows of $147.9m and $209.2m, respectively.

Also read: S-REITs hit average total returns of 13.6% in 2019 YTD

YTD, the iEdge S-REIT Index has clocked total returns of 19.7%, compared with total returns of 16.3% and 22.8% for the FTSE EPRA NAREIT Asia ex-Japan REITs Index and the MSCI ACWI REITs Index, respectively, in USD terms.

Furthermore, the five least-performing constituents of the iEdge S-REIT Index are Frasers Hospitality Trust (+2.4%), ESR-REIT (+6.6%), Soilbuild Business Space REIT (+7.4%), SPH REIT (+10.3%) and Far East Hospitality Trust (+10.4%). These five averaged a 7.4% total return over the period. 

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