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Nearly 2 in 3 S-Reits are faring worse than at IPO, but total returns mostly positive

Earliest listings CICT, Ascendas Reit - which hit the market 20 years ago - are among the best performers

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Jude Chan

Jude Chan

Published Tue, Jun 21, 2022 · 06:43 AM
    • CICT (formerly known as CMT) -- the first Reit to be listed in Singapore -- has generated total return of over 600% since its IPO in 2002.
    • CICT (formerly known as CMT) -- the first Reit to be listed in Singapore -- has generated total return of over 600% since its IPO in 2002. Photo: CapitaLand

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    INVESTORS in Singapore-listed real estate investment trusts (S-Reits) may be understandably upset as they look at their portfolio performance.

    Real estate investment trusts (Reits) have been a favoured asset class for investors here seeking stability and yield. But ahead of the 20th anniversary of S-Reits coming up in July, nearly two-thirds of the 41 actively traded S-Reits and property trusts have sunk below their initial public offering (IPO) prices after adjusting for corporate actions.

    Notably, all but 4 of the 22 S-Reits that listed on the Singapore Exchange (SGX) over the past decade since 2012 are below where they started, according to data compiled by The Business Times..

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