S-Reits' total returns average 14.2% so far this year
Distribution yields average 6.7%, beating the 3.9% for both STI and MSCI World Reit Index
Singapore
SINGAPORE'S real estate investment trusts (S-Reits) have achieved an average distribution yield of 6.7 per cent so far this year, beating the 3.9 per cent dividend yield for both the Straits Times Index (STI) and the MSCI World Reit Index. This was based on data compiled by the Singapore Exchange's (SGX) investor education portal, My Gateway.
Looking at share prices alone, the FTSE ST Reit Index has appreciated 11.2 per cent year-to-date, outperforming the STI which has been almost flat this year, and its developer index counterpart which is actually down 2.6 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards