CLCT, Sasseur Reit outperform S-Reit peers amid China reopening optimism

THE largest China-focused real estate investment trusts (Reits) by market capitalisation have outperformed most of their peers listed on the Singapore Exchange (SGX) over the last six months amid optimism about China’s reopening.

CapitaLand China Trust (CLCT) : AU8U 0% and Sasseur Reit : CRPU 0% – the two largest among the five Singapore-listed real estate investment trusts (S-Reits) with purely China-based assets – currently rank among the top five performers when compared to the broader pool of S-Reits and listed business trusts, Bloomberg data showed.

CLCT has generated six-month total returns of 11.4 per cent as at Mar 6, assuming dividends were reinvested in the security. This is significantly better than the negative 8.6 per cent average total returns from its peers, and makes it the top performer among S-Reits over this period.