Check out which S-REIT outperformed the rest in price return YTD

Hospitality REITs in the lead again.

Almost all S-REITs clocked in modest movements this week, with OUE Hospitality Trust bagging best performance and CapitaRetail China Trust going home with a worst performer award.

In a report by RHB Group, the Hospitality REITs were the top performer (+0.2% WoW) last week, mainly driven by OUE Hospitality Trust (OUEHT) which was up 2.1% WoW. 

Year-to-date, the Retail REITs were the best performers (+8.8% YTD), while the Office REITs returned the least (-2.1% YTD). Mapletree Commercial Trust (MCT) outperformed the rest, generating price return of 15.6% YTD while IREIT Global was the primary laggard, down 10.7% YTD. 

According to a report by OCBC, MCT’s Singapore assets registered a decline in occupancy rates for FY15, while overall average rental reversions of 8.0% were achieved. 

Management has also mitigated MCT’s financial risks, as it has hedged 80% of its total debt into fixed rates. 80% of its income stream for FY16 have also been hedged into or derived in SGD.

On the flip side, the Office REITs were the worst performers, down 0.9% WoW, pulled down by CapitaCommercial Trust (CCT) (-2.3% WoW), despite Frasers Commercial Trust (FCOT) booking in 1.0% WoW.

The other segments registered modest movements with Retail, Industrial, and Healthcare REITs gathering -0.3%, -0.5%, -0.6% WoW respectively. OUE Hospitality Trust (OUEHT) was the best performer while CapitaRetail China Trust (CRCT) was the worst performer, down 3.8% WoW.
 
 

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