CapitaLand Group stocks' average total return hit 28.2% YTD to outpace global peers

The eight stocks collectively averaged a 3.3% total return in the current quarter.

CapitaLand Group’s eight SGX-listed stocks recorded a 28.2% average total return in year-to-date (YTD) 2019, outpacing the average median returns of the world's largest capitalised 100 real estate stocks in addition to Asia Pacific’s 100 largest capitalised real estate stocks, reported the Singapore Exchange Limited (SGX).

According to SGX, the group’s eight SGX-listed stocks--which comprise of one listed company, five REITs, one hospitality trust and one business trust--collectively averaged a 3.3% total return in the current quarter ending 18 September. Ascendas Hospitality Trust saw the highest YTD return at 47%, followed by 40% for Ascendas India Trust.

CapitaLand and Ascendas-Singbridge had formed a unified CapitaLand Group on June 30, which now represents a combined market cap of $53b and account for close to 12% of the day-to-day turnover of the local stock market.

The enlarged group maintains a portfolio of more than 1,000 properties with a geographical presence spanning more than 200 cities across more than 30 countries, with a combined AUM of $129b.

Amongst the group’s stocks, Ascendas India Trust led the short term movers by averaging 1.8% swings between daily highs and lows. CapitaLand Mall Trust, CapitaLand Commercial Trust and Ascott Residence Trust all averaged 1.6% daily trading ranges. Meanwhile, the intraday one minute volatility for the eight stocks was 17%, added SGX.

For comparison purposes, the world's largest capitalised real estate stock is American Tower Corp with a market cap of approximately $135b, whilst the tenth largest stock is Welltower Inc with a market cap of $50b.