The Business Times
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THE LEVEL GROUND

Investment story trumps size for Reits; the key is to be sufficiently differentiated 

Lessons can be learned from the contrasting fortunes of Centurion Accommodation Reit and UI Boustead Reit

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Leslie Yee

Leslie Yee

Published Mon, Jun 15, 2026 · 12:29 PM
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    • As Singapore's Reit sector matures, Reits need to stand out by having unique selling points.
    • As Singapore's Reit sector matures, Reits need to stand out by having unique selling points. PHOTO: YEN MENG JIIN, BT

    [SINGAPORE] Singapore’s largest real estate investment trust (Reit) by market capitalisation, CapitaLand Integrated Commercial Trust (CICT) , currently trades well.

    Its unit price of S$2.34 as at Monday (Jun 15) represented a premium to the end-2025 net asset value (NAV) per unit of S$2.14.

    The trust has size, with total assets of more than S$27 billion at end-2025. Its portfolio’s value will grow bigger with the addition of Paragon and the divestment of Asia Square Tower 2 – an asset swop that would boost its net property income (NPI) and distribution per unit (DPU).

    Singapore REITsReitsS-ReitsCenturion Accommodation ReitUI Boustead ReitIPOThe Level Ground

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