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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Apple nears deal with OpenAI to put ChatGPT on iPhone
Soyoil jumps on bets US tariffs to include Chinese cooking oil
Why companies are nervous about the consumer
Apple says no major app developers accept new outside payments
Shein steps up London IPO preparations amid US hurdles to listing, sources say
Apple scores win in labor case involving fired retail workers