Reits, stapled trusts outperform market in YTD total return

REAL estate investment trusts (Reits) and stapled trusts have averaged a 9.3 per cent year-to-date total return, according to a Singapore Exchange My Gateway report.

The 26 Reits and five stapled trusts outperformed the market, which had an average year-to-date total return of 5.98 per cent. Comparatively, the Straits Times Index had a year-to-date total return of 5.11 per cent.

The 31 trusts have a combined market capitalisation of $62 billion and their median year-to-date total return is 8.4 per cent. The three largest trusts are CapitaMall Trust, Ascendas Reit and CapitaCommercial Trust, with respective index weightings of 12.1 per cent, 10.8 per cent and 7.8 per cent on the FTSE ST Reit Index.