Singapore retail Reits achieve 12-month average total returns of 13.7%

Singapore

SINGAPORE'S retail Reits saw average total returns of 13.7 per cent over the past 12 months and maintained an average distribution yield of 6.1 per cent, the latest market update by the Singapore Exchange shows.

Returns in the retail cluster of real estate investment trusts were bolstered by Lippo Malls Indonesia Retail Trust, Frasers Centrepoint Trust (FCT), Starhill Global Reit, CapitaLand Retail China Trust (CRCT) and CapitaLand Mall Trust (CMT) - they enjoyed the highest price gains so far this year, averaging 6.8 per cent. "Distributions also boosted the year-to-date returns of these Reits to 9.8 per cent, bringing their average one-year and three-year dividend inclusive returns to 11.6 per cent and 43.4 per cent respectively," said SGX.