Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

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<ul>
<li>
SPH REIT kicked off the September quarter financial reporting season for S-REITs on 10 October with the release of its fiscal 4Q 2019 earnings. 
	 </li>
	<li>
This was followed by Keppel DC REIT, Keppel Pacific Oak US REIT and Mapletree Commercial Trust, which unveiled their results yesterday. Keppel REIT and Soilbuild Business Space REIT are set to release their quarterly earnings after the market close today. 
	 </li>
	<li>
The iEdge S-REIT Index comprises 36 constituents with a combined market cap of S$102 billion. These constituents averaged a total return of 27.2% in the 2019 YTD, bringing their 1Y and 3Y total returns to 27.8% and 42.7% respectively. 
	 </li>
</ul>
SPH REIT kicked off the September quarter results reporting season for S-REITs on 10 October with the release of its fiscal 4Q 2019 earnings. This was followed by Keppel DC REIT, Keppel Pacific Oak US REIT and Mapletree Commercial Trust, which unveiled their results yesterday. Keppel REIT and Soilbuild Business Space REIT will release their quarterly earnings after the market close today.

The indicative schedule of earnings releases for the remaining REITs and Business Trusts is provided below. For the confirmed earnings release dates in the weekly Economic Calendar, click <a href="https://www.sgxacademy.com/economiccalendar/">here</a>.

The table below highlights the confirmed and estimated dates of earnings releases by Singapore REITs and Business Trusts, sorted by date.

<table class="table table-striped"><tbody>
<tr>
<td>
			Name
			</td>
			<td>
			SGX Code
			</td>
			<td>
			Date
			</td>
			<td>
			Date Type
			</td>
			<td>
			Period
			</td>
		</tr>
<tr>
<td>
			SPH REIT
			</td>
			<td>
			SK6U
			</td>
			<td>
			10-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q4
			</td>
		</tr>
<tr>
<td>
			Keppel DC REIT
			</td>
			<td>
			AJBU
			</td>
			<td>
			15-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Keppel Pacific Oak US REIT
			</td>
			<td>
			CMOU
			</td>
			<td>
			15-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Mapletree Commercial Trust
			</td>
			<td>
			N2IU
			</td>
			<td>
			15-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q2
			</td>
		</tr>
<tr>
<td>
			Keppel REIT
			</td>
			<td>
			K71U
			</td>
			<td>
			16-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Soilbuild Business Space REIT
			</td>
			<td>
			SV3U
			</td>
			<td>
			16-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			CapitaLand Mall Trust
			</td>
			<td>
			C38U
			</td>
			<td>
			21-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Mapletree Logistics Trust
			</td>
			<td>
			M44U
			</td>
			<td>
			21-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q2
			</td>
		</tr>
<tr>
<td>
			Frasers Commercial Trust
			</td>
			<td>
			ND8U
			</td>
			<td>
			22-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q4
			</td>
		</tr>
<tr>
<td>
			Mapletree Industrial Trust
			</td>
			<td>
			ME8U
			</td>
			<td>
			22-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q2
			</td>
		</tr>
<tr>
<td>
			CapitaLand Commercial Trust
			</td>
			<td>
			C61U
			</td>
			<td>
			23-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Frasers Centrepoint Trust
			</td>
			<td>
			J69U
			</td>
			<td>
			23-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q4
			</td>
		</tr>
<tr>
<td>
			Suntec REIT
			</td>
			<td>
			T82U
			</td>
			<td>
			23-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Ascendas India Trust
			</td>
			<td>
			CY6U
			</td>
			<td>
			24-Oct-19
			</td>
			<td>
			Estimated
			</td>
			<td>
			Q2
			</td>
		</tr>
<tr>
<td>
			AIMS APAC REIT
			</td>
			<td>
			O5RU
			</td>
			<td>
			25-Oct-19
			</td>
			<td>
			Estimated
			</td>
			<td>
			Q2
			</td>
		</tr>
<tr>
<td>
			Cache Logistics Trust
			</td>
			<td>
			K2LU
			</td>
			<td>
			25-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			CapitaLand Retail China Trust
			</td>
			<td>
			AU8U
			</td>
			<td>
			25-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			ESR-REIT
			</td>
			<td>
			J91U
			</td>
			<td>
			25-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Mapletree North Asia Commercial Trust
			</td>
			<td>
			RW0U
			</td>
			<td>
			25-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q2
			</td>
		</tr>
<tr>
<td>
			Sabana Shari'ah Compliant Ind REIT
			</td>
			<td>
			M1GU
			</td>
			<td>
			25-Oct-19
			</td>
			<td>
			Estimated
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Starhill Global REIT
			</td>
			<td>
			P40U
			</td>
			<td>
			29-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q1
			</td>
		</tr>
<tr>
<td>
			Ascendas Hospitality Trust
			</td>
			<td>
			Q1P
			</td>
			<td>
			29-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q2
			</td>
		</tr>
<tr>
<td>
			Ascott Residence Trust
			</td>
			<td>
			A68U
			</td>
			<td>
			30-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			CDL Hospitality Trusts
			</td>
			<td>
			J85
			</td>
			<td>
			30-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Far East Hospitality Trust
			</td>
			<td>
			Q5T
			</td>
			<td>
			30-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Frasers Hospitality Trust
			</td>
			<td>
			ACV
			</td>
			<td>
			30-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q4
			</td>
		</tr>
<tr>
<td>
			Parkway Life REIT
			</td>
			<td>
			C2PU
			</td>
			<td>
			31-Oct-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Manulife US REIT
			</td>
			<td>
			BTOU
			</td>
			<td>
			5-Nov-19
			</td>
			<td>
			Estimated
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			RHT Health Trust
			</td>
			<td>
			RF1U
			</td>
			<td>
			5-Nov-19
			</td>
			<td>
			Estimated
			</td>
			<td>
			Q2
			</td>
		</tr>
<tr>
<td>
			Frasers Logistics &amp; Industrial
			</td>
			<td>
			BUOU
			</td>
			<td>
			6-Nov-19
			</td>
			<td>
			Confirmed
			</td>
			<td>
			Q4
			</td>
		</tr>
<tr>
<td>
			EC World REIT
			</td>
			<td>
			BWCU
			</td>
			<td>
			7-Nov-19
			</td>
			<td>
			Estimated
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			Lippo Malls Indonesia Retail Trust
			</td>
			<td>
			D5IU
			</td>
			<td>
			8-Nov-19
			</td>
			<td>
			Estimated
			</td>
			<td>
			Q3
			</td>
		</tr>
<tr>
<td>
			OUE Commercial REIT
			</td>
			<td>
			TS0U
			</td>
			<td>
			8-Nov-19
			</td>
			<td>
			Estimated
			</td>
			<td>
			Q3
			</td>
		</tr>
</tbody></table>
Source: Bloomberg &amp; SGX (data as of 15 October 2019)

 

Performances of iEdge S-REIT Index Constituents 

The iEdge S-REIT Index, which measures the performance of  SGX-listed REITs, comprises 36 constituents with a combined market capitalisation of S$102 billion. These constituents averaged a total return of 27.2% in the 2019 year-to-date, bringing their one-year and three-year total returns to 27.8% and 42.7% respectively.

The table below details the constituents of the iEdge S-REIT Index, sorted by market cap.

<table class="table table-striped"><tbody>
<tr>
<td>Name</td>
			<td>SGX Code</td>
			<td>Market Cap (S$M) </td>
			<td>Total Return YTD (%)</td>
			<td>Total Return 1Y (%) </td>
			<td>Total Return 3Y (%) </td>
			<td>P/B</td>
			<td>Div Yld (%) </td>
		</tr>
<tr>
<td>Ascendas REIT</td>
			<td>A17U</td>
			<td>9681</td>
			<td>24.3</td>
			<td>28.1</td>
			<td>50.4</td>
			<td>1.2</td>
			<td>5.1</td>
		</tr>
<tr>
<td>CapitaLand Mall Trust</td>
			<td>C38U</td>
			<td>9590</td>
			<td>18.5</td>
			<td>30.8</td>
			<td>44.4</td>
			<td>1.0</td>
			<td>4.5</td>
		</tr>
<tr>
<td>CapitaLand Commercial Trust</td>
			<td>C61U</td>
			<td>7907</td>
			<td>22.7</td>
			<td>27.1</td>
			<td>56.2</td>
			<td>0.9</td>
			<td>4.2</td>
		</tr>
<tr>
<td>Mapletree Commercial Trust</td>
			<td>N2IU</td>
			<td>6776</td>
			<td>47.1</td>
			<td>55.8</td>
			<td>79.7</td>
			<td>1.1</td>
			<td>4.0</td>
		</tr>
<tr>
<td>Mapletree Logistics Trust</td>
			<td>M44U</td>
			<td>6079</td>
			<td>38.1</td>
			<td>42.7</td>
			<td>92.3</td>
			<td>1.0</td>
			<td>5.0</td>
		</tr>
<tr>
<td>Mapletree Industrial Trust</td>
			<td>ME8U</td>
			<td>5567</td>
			<td>40.0</td>
			<td>40.8</td>
			<td>78.8</td>
			<td>1.3</td>
			<td>5.0</td>
		</tr>
<tr>
<td>Suntec REIT</td>
			<td>T82U</td>
			<td>5288</td>
			<td>10.4</td>
			<td>12.0</td>
			<td>27.6</td>
			<td>0.8</td>
			<td>5.1</td>
		</tr>
<tr>
<td>Keppel REIT</td>
			<td>K71U</td>
			<td>4208</td>
			<td>12.6</td>
			<td>13.9</td>
			<td>28.9</td>
			<td>0.8</td>
			<td>4.4</td>
		</tr>
<tr>
<td>Mapletree North Asia Commercial Trust</td>
			<td>RW0U</td>
			<td>3953</td>
			<td>13.7</td>
			<td>18.8</td>
			<td>43.0</td>
			<td>0.9</td>
			<td>5.7</td>
		</tr>
<tr>
<td>Frasers Centrepoint Trust</td>
			<td>J69U</td>
			<td>3081</td>
			<td>32.3</td>
			<td>30.4</td>
			<td>52.5</td>
			<td>1.1</td>
			<td>4.4</td>
		</tr>
<tr>
<td>SPH REIT</td>
			<td>SK6U</td>
			<td>3005</td>
			<td>20.7</td>
			<td>22.4</td>
			<td>36.8</td>
			<td>1.1</td>
			<td>5.1</td>
		</tr>
<tr>
<td>OUE Commercial REIT</td>
			<td>TS0U</td>
			<td>2985</td>
			<td>27.8</td>
			<td>25.1</td>
			<td>8.2</td>
			<td>0.6</td>
			<td>5.5</td>
		</tr>
<tr>
<td>Ascott Residence Trust</td>
			<td>A68U</td>
			<td>2982</td>
			<td>34.8</td>
			<td>36.0</td>
			<td>50.8</td>
			<td>0.8</td>
			<td>5.6</td>
		</tr>
<tr>
<td>Keppel DC REIT</td>
			<td>AJBU</td>
			<td>2960</td>
			<td>58.8</td>
			<td>61.2</td>
			<td>100.1</td>
			<td>1.4</td>
			<td>4.0</td>
		</tr>
<tr>
<td>Frasers Logistics &amp; Industrial Trust</td>
			<td>BUOU</td>
			<td>2856</td>
			<td>29.7</td>
			<td>33.0</td>
			<td>61.8</td>
			<td>1.1</td>
			<td>5.6</td>
		</tr>
<tr>
<td>CDL Hospitality REIT</td>
			<td>J85</td>
			<td>1975</td>
			<td>18.1</td>
			<td>12.7</td>
			<td>47.7</td>
			<td>1.0</td>
			<td>5.6</td>
		</tr>
<tr>
<td>Parkway Life REIT</td>
			<td>C2PU</td>
			<td>1954</td>
			<td>27.1</td>
			<td>30.6</td>
			<td>46.6</td>
			<td>1.6</td>
			<td>4.2</td>
		</tr>
<tr>
<td>ESR-REIT</td>
			<td>J91U</td>
			<td>1863</td>
			<td>13.2</td>
			<td>19.0</td>
			<td>23.3</td>
			<td>0.8</td>
			<td>5.4</td>
		</tr>
<tr>
<td>Manulife US REIT</td>
			<td>BTOU</td>
			<td>1862</td>
			<td>29.2</td>
			<td>27.5</td>
			<td>49.6</td>
			<td>1.0</td>
			<td>6.8</td>
		</tr>
<tr>
<td>CapitaLand Retail China Trust</td>
			<td>AU8U</td>
			<td>1856</td>
			<td>22.1</td>
			<td>21.2</td>
			<td>18.4</td>
			<td>0.9</td>
			<td>7.2</td>
		</tr>
<tr>
<td>Starhill Global REIT</td>
			<td>P40U</td>
			<td>1625</td>
			<td>14.6</td>
			<td>18.3</td>
			<td>9.6</td>
			<td>0.7</td>
			<td>6.0</td>
		</tr>
<tr>
<td>Ascendas India Trust</td>
			<td>CY6U</td>
			<td>1617</td>
			<td>47.7</td>
			<td>60.2</td>
			<td>74.1</td>
			<td>1.1</td>
			<td>4.7</td>
		</tr>
<tr>
<td>Frasers Commercial Trust</td>
			<td>ND8U</td>
			<td>1473</td>
			<td>24.0</td>
			<td>23.4</td>
			<td>44.5</td>
			<td>0.9</td>
			<td>6.0</td>
		</tr>
<tr>
<td>Frasers Hospitality Trust</td>
			<td>ACV</td>
			<td>1354</td>
			<td>5.3</td>
			<td>10.5</td>
			<td>25.5</td>
			<td>0.8</td>
			<td>6.4</td>
		</tr>
<tr>
<td>Far East Hospitality Trust</td>
			<td>Q5T</td>
			<td>1346</td>
			<td>20.8</td>
			<td>22.9</td>
			<td>40.5</td>
			<td>0.7</td>
			<td>5.6</td>
		</tr>
<tr>
<td>Ascendas Hospitality Trust</td>
			<td>Q1P</td>
			<td>1297</td>
			<td>53.3</td>
			<td>55.8</td>
			<td>94.0</td>
			<td>0.8</td>
			<td>5.6</td>
		</tr>
<tr>
<td>AIMS APAC REIT</td>
			<td>O5RU</td>
			<td>1031</td>
			<td>17.5</td>
			<td>18.0</td>
			<td>32.4</td>
			<td>1.0</td>
			<td>7.2</td>
		</tr>
<tr>
<td>Sasseur REIT </td>
			<td>CRPU</td>
			<td>955</td>
			<td>34.4</td>
			<td>27.5</td>
			<td>N/A</td>
			<td>0.9</td>
			<td>8.2</td>
		</tr>
<tr>
<td>First REIT</td>
			<td>AW9U</td>
			<td>803</td>
			<td>9.2</td>
			<td>-6.4</td>
			<td>-9.3</td>
			<td>1.2</td>
			<td>8.4</td>
		</tr>
<tr>
<td>Cache Logistics Trust</td>
			<td>K2LU</td>
			<td>793</td>
			<td>12.1</td>
			<td>12.1</td>
			<td>10.1</td>
			<td>1.0</td>
			<td>7.9</td>
		</tr>
<tr>
<td>Lippo Malls Indonesia Retail Trust</td>
			<td>D5IU</td>
			<td>695</td>
			<td>40.7</td>
			<td>6.9</td>
			<td>-18.6</td>
			<td>0.8</td>
			<td>8.1</td>
		</tr>
<tr>
<td>Soilbuild Business Space REIT</td>
			<td>SV3U</td>
			<td>674</td>
			<td>-1.6</td>
			<td>1.3</td>
			<td>-2.4</td>
			<td>1.0</td>
			<td>9.5</td>
		</tr>
<tr>
<td>EC World REIT</td>
			<td>BWCU</td>
			<td>585</td>
			<td>13.1</td>
			<td>14.9</td>
			<td>19.3</td>
			<td>0.8</td>
			<td>8.4</td>
		</tr>
<tr>
<td>IREIT Global</td>
			<td>UD1U</td>
			<td>496</td>
			<td>16.1</td>
			<td>13.7</td>
			<td>34.4</td>
			<td>1.1</td>
			<td>7.7</td>
		</tr>
<tr>
<td>Sabana Shari'ah Comp Ind REIT</td>
			<td>M1GU</td>
			<td>474</td>
			<td>21.1</td>
			<td>16.1</td>
			<td>21.8</td>
			<td>0.8</td>
			<td>6.3</td>
		</tr>
<tr>
<td>RHT Health Trust^</td>
			<td>RF1U</td>
			<td>15</td>
			<td>109.2</td>
			<td>114.8</td>
			<td>120.4</td>
			<td>0.0</td>
			<td>N/A</td>
		</tr>
<tr>
<td>Average</td>
			<td> </td>
			<td> </td>
			<td>27.2</td>
			<td>27.8</td>
			<td>42.7</td>
			<td>0.9</td>
			<td>5.9</td>
		</tr>
</tbody></table>
Source: Bloomberg &amp; Stockfacts (data as of 15 October 2019) 
*Dividend yields are as of 30 September 2019  **Manulife US REIT is traded in USD, while iREIT Global is traded in EUR, with their SGD equivalents shown in the table. ^Note: RHT Health Trust is a pure cash trust.

 
</body></html>





SPH REIT kicked off the September quarter financial reporting season for S-REITs on 10 October with the release of its fiscal 4Q 2019 earnings. 
	 
	
This was followed by Keppel DC REIT, Keppel Pacific Oak US REIT and Mapletree Commercial Trust, which unveiled their results yesterday. Keppel REIT and Soilbuild Business Space REIT are set to release their quarterly earnings after the market close today. 
	 
	
The iEdge S-REIT Index comprises 36 constituents with a combined market cap of S$102 billion. These constituents averaged a total return of 27.2% in the 2019 YTD, bringing their 1Y and 3Y total returns to 27.8% and 42.7% respectively.  
	 

SPH REIT kicked off the September quarter results reporting season for S-REITs on 10 October with the release of its fiscal 4Q 2019 earnings. This was followed by Keppel DC REIT, Keppel Pacific Oak US REIT and Mapletree Commercial Trust, which unveiled their results yesterday. Keppel REIT and Soilbuild Business Space REIT will release their quarterly earnings after the market close today.

The indicative schedule of earnings releases for the remaining REITs and Business Trusts is provided below. For the confirmed earnings release dates in the weekly Economic Calendar, click here.

The table below highlights the confirmed and estimated dates of earnings releases by Singapore REITs and Business Trusts, sorted by date.




			Name
			
			
			SGX Code
			
			
			Date
			
			
			Date Type
			
			
			Period
			
		


			SPH REIT
			
			
			SK6U
			
			
			10-Oct-19
			
			
			Confirmed
			
			
			Q4
			
		


			Keppel DC REIT
			
			
			AJBU
			
			
			15-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Keppel Pacific Oak US REIT
			
			
			CMOU
			
			
			15-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Mapletree Commercial Trust
			
			
			N2IU
			
			
			15-Oct-19
			
			
			Confirmed
			
			
			Q2
			
		


			Keppel REIT
			
			
			K71U
			
			
			16-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Soilbuild Business Space REIT
			
			
			SV3U
			
			
			16-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			CapitaLand Mall Trust
			
			
			C38U
			
			
			21-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Mapletree Logistics Trust
			
			
			M44U
			
			
			21-Oct-19
			
			
			Confirmed
			
			
			Q2
			
		


			Frasers Commercial Trust
			
			
			ND8U
			
			
			22-Oct-19
			
			
			Confirmed
			
			
			Q4
			
		


			Mapletree Industrial Trust
			
			
			ME8U
			
			
			22-Oct-19
			
			
			Confirmed
			
			
			Q2
			
		


			CapitaLand Commercial Trust
			
			
			C61U
			
			
			23-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Frasers Centrepoint Trust
			
			
			J69U
			
			
			23-Oct-19
			
			
			Confirmed
			
			
			Q4
			
		


			Suntec REIT
			
			
			T82U
			
			
			23-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Ascendas India Trust
			
			
			CY6U
			
			
			24-Oct-19
			
			
			Estimated
			
			
			Q2
			
		


			AIMS APAC REIT
			
			
			O5RU
			
			
			25-Oct-19
			
			
			Estimated
			
			
			Q2
			
		


			Cache Logistics Trust
			
			
			K2LU
			
			
			25-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			CapitaLand Retail China Trust
			
			
			AU8U
			
			
			25-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			ESR-REIT
			
			
			J91U
			
			
			25-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Mapletree North Asia Commercial Trust
			
			
			RW0U
			
			
			25-Oct-19
			
			
			Confirmed
			
			
			Q2
			
		


			Sabana Shari'ah Compliant Ind REIT
			
			
			M1GU
			
			
			25-Oct-19
			
			
			Estimated
			
			
			Q3
			
		


			Starhill Global REIT
			
			
			P40U
			
			
			29-Oct-19
			
			
			Confirmed
			
			
			Q1
			
		


			Ascendas Hospitality Trust
			
			
			Q1P
			
			
			29-Oct-19
			
			
			Confirmed
			
			
			Q2
			
		


			Ascott Residence Trust
			
			
			A68U
			
			
			30-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			CDL Hospitality Trusts
			
			
			J85
			
			
			30-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Far East Hospitality Trust
			
			
			Q5T
			
			
			30-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Frasers Hospitality Trust
			
			
			ACV
			
			
			30-Oct-19
			
			
			Confirmed
			
			
			Q4
			
		


			Parkway Life REIT
			
			
			C2PU
			
			
			31-Oct-19
			
			
			Confirmed
			
			
			Q3
			
		


			Manulife US REIT
			
			
			BTOU
			
			
			5-Nov-19
			
			
			Estimated
			
			
			Q3
			
		


			RHT Health Trust
			
			
			RF1U
			
			
			5-Nov-19
			
			
			Estimated
			
			
			Q2
			
		


			Frasers Logistics &amp; Industrial
			
			
			BUOU
			
			
			6-Nov-19
			
			
			Confirmed
			
			
			Q4
			
		


			EC World REIT
			
			
			BWCU
			
			
			7-Nov-19
			
			
			Estimated
			
			
			Q3
			
		


			Lippo Malls Indonesia Retail Trust
			
			
			D5IU
			
			
			8-Nov-19
			
			
			Estimated
			
			
			Q3
			
		


			OUE Commercial REIT
			
			
			TS0U
			
			
			8-Nov-19
			
			
			Estimated
			
			
			Q3
			
		

Source: Bloomberg &amp; SGX (data as of 15 October 2019)

 

Performances of iEdge S-REIT Index Constituents 

The iEdge S-REIT Index, which measures the performance of  SGX-listed REITs, comprises 36 constituents with a combined market capitalisation of S$102 billion. These constituents averaged a total return of 27.2% in the 2019 year-to-date, bringing their one-year and three-year total returns to 27.8% and 42.7% respectively.

The table below details the constituents of the iEdge S-REIT Index, sorted by market cap.



Name
			SGX Code
			Market Cap (S$M) 
			Total Return YTD (%)
			Total Return 1Y (%) 
			Total Return 3Y (%) 
			P/B
			Div Yld (%) 
		

Ascendas REIT
			A17U
			9681
			24.3
			28.1
			50.4
			1.2
			5.1
		

CapitaLand Mall Trust
			C38U
			9590
			18.5
			30.8
			44.4
			1.0
			4.5
		

CapitaLand Commercial Trust
			C61U
			7907
			22.7
			27.1
			56.2
			0.9
			4.2
		

Mapletree Commercial Trust
			N2IU
			6776
			47.1
			55.8
			79.7
			1.1
			4.0
		

Mapletree Logistics Trust
			M44U
			6079
			38.1
			42.7
			92.3
			1.0
			5.0
		

Mapletree Industrial Trust
			ME8U
			5567
			40.0
			40.8
			78.8
			1.3
			5.0
		

Suntec REIT
			T82U
			5288
			10.4
			12.0
			27.6
			0.8
			5.1
		

Keppel REIT
			K71U
			4208
			12.6
			13.9
			28.9
			0.8
			4.4
		

Mapletree North Asia Commercial Trust
			RW0U
			3953
			13.7
			18.8
			43.0
			0.9
			5.7
		

Frasers Centrepoint Trust
			J69U
			3081
			32.3
			30.4
			52.5
			1.1
			4.4
		

SPH REIT
			SK6U
			3005
			20.7
			22.4
			36.8
			1.1
			5.1
		

OUE Commercial REIT
			TS0U
			2985
			27.8
			25.1
			8.2
			0.6
			5.5
		

Ascott Residence Trust
			A68U
			2982
			34.8
			36.0
			50.8
			0.8
			5.6
		

Keppel DC REIT
			AJBU
			2960
			58.8
			61.2
			100.1
			1.4
			4.0
		

Frasers Logistics &amp; Industrial Trust
			BUOU
			2856
			29.7
			33.0
			61.8
			1.1
			5.6
		

CDL Hospitality REIT
			J85
			1975
			18.1
			12.7
			47.7
			1.0
			5.6
		

Parkway Life REIT
			C2PU
			1954
			27.1
			30.6
			46.6
			1.6
			4.2
		

ESR-REIT
			J91U
			1863
			13.2
			19.0
			23.3
			0.8
			5.4
		

Manulife US REIT
			BTOU
			1862
			29.2
			27.5
			49.6
			1.0
			6.8
		

CapitaLand Retail China Trust
			AU8U
			1856
			22.1
			21.2
			18.4
			0.9
			7.2
		

Starhill Global REIT
			P40U
			1625
			14.6
			18.3
			9.6
			0.7
			6.0
		

Ascendas India Trust
			CY6U
			1617
			47.7
			60.2
			74.1
			1.1
			4.7
		

Frasers Commercial Trust
			ND8U
			1473
			24.0
			23.4
			44.5
			0.9
			6.0
		

Frasers Hospitality Trust
			ACV
			1354
			5.3
			10.5
			25.5
			0.8
			6.4
		

Far East Hospitality Trust
			Q5T
			1346
			20.8
			22.9
			40.5
			0.7
			5.6
		

Ascendas Hospitality Trust
			Q1P
			1297
			53.3
			55.8
			94.0
			0.8
			5.6
		

AIMS APAC REIT
			O5RU
			1031
			17.5
			18.0
			32.4
			1.0
			7.2
		

Sasseur REIT 
			CRPU
			955
			34.4
			27.5
			N/A
			0.9
			8.2
		

First REIT
			AW9U
			803
			9.2
			-6.4
			-9.3
			1.2
			8.4
		

Cache Logistics Trust
			K2LU
			793
			12.1
			12.1
			10.1
			1.0
			7.9
		

Lippo Malls Indonesia Retail Trust
			D5IU
			695
			40.7
			6.9
			-18.6
			0.8
			8.1
		

Soilbuild Business Space REIT
			SV3U
			674
			-1.6
			1.3
			-2.4
			1.0
			9.5
		

EC World REIT
			BWCU
			585
			13.1
			14.9
			19.3
			0.8
			8.4
		

IREIT Global
			UD1U
			496
			16.1
			13.7
			34.4
			1.1
			7.7
		

Sabana Shari'ah Comp Ind REIT
			M1GU
			474
			21.1
			16.1
			21.8
			0.8
			6.3
		

RHT Health Trust^
			RF1U
			15
			109.2
			114.8
			120.4
			0.0
			N/A
		

Average
			 
			 
			27.2
			27.8
			42.7
			0.9
			5.9
		

Source: Bloomberg &amp; Stockfacts (data as of 15 October 2019) 
*Dividend yields are as of 30 September 2019  **Manulife US REIT is traded in USD, while iREIT Global is traded in EUR, with their SGD equivalents shown in the table. ^Note: RHT Health Trust is a pure cash trust.

 



Mapletree Pan Asia Commercial Trust (MCT SP)

September Quarter S-REIT Earnings Schedule      