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

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Raphael Lim

Raphael Lim

Published Mon, Mar 6, 2023 · 09:29 PM
    • Analysts believe the rebounding Chinese economy would continue to benefit CLCT and Sasseur Reit, even though challenges from rising interest rates could still weigh on the broader Reits segment.
    • Analysts believe the rebounding Chinese economy would continue to benefit CLCT and Sasseur Reit, even though challenges from rising interest rates could still weigh on the broader Reits segment. PHOTO: PIXABAY

    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) and Sasseur Reit – 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.

    ChinaS-Reitsdasin retail trustCapitaLand China TrustEC World ReitSasseur Reitbhg retail reitSpotlight

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