Seeking a 7.7% yield? Multiple S-Reits record positive rental reversions
For the first 12 weeks of 2023 the iEdge S-REIT Index generated a 3% total return. Within the S-REIT Sector, Industrial S-REITs averaged the highest median total returns over the past 12 weeks at 4%.
The recent earnings season saw Industrial S-REITs record positive rental reversions. Multiple Industrial S-REITs have employed further cost-saving measures such as hedging borrowings to fixed rates, as well as initiatives to reduce overall utility consumption.
Among them, $Mapletree Log Tr(M44U.SG$, $Mapletree Ind Tr(ME8U.SG$ and $AIMS APAC Reit(O5RU.SG$ have the highest returns of 2023 industrial Reits, with year-to-date returns of 7.7%, 6.9% and 6.8%, respectively.
$Mapletree Ind Tr(ME8U.SG$ was the only S-Reit which garnered both net institutional and net retail inflows during the period.
$Mapletree Log Tr(M44U.SG$ latest Q3 FY22/23 gross revenue rose by 8% yoy to S$180.2 million, mainly due to accretive acquisitions completed in Q1 FY22/23 and FY21/22. This resulted in a 7.3% yoy increase in net property income (NPI).
It achieved positive rental reversion in Q3 FY22/23 of 2.9%, with positive rental reversions registered in most markets across MLT’s portfolio.
$AIMS APAC Reit(O5RU.SG$ 's gross revenue and NPI increased 14.1% and 14.0% yoy respectively in Q3 FY23. AAReit noted positive rental reversion for the quarter at 21.2%, contributed mainly from the logistics and warehouse segment which represented 81.6% of leases renewed.
$Mapletree Ind Tr(ME8U.SG$ reported that gross revenue and NPI for Q3 FY22/23 rose 5.0% and 4.9% yoy to S$170.4 million and S$128.8 million respectively, mainly driven by the contributions from new leases across various clusters in its Singapore portfolio.
Among the 40 REITs listed on SGX, 10 REITs 2023Q1 returned more than 6%, among which $Keppel DC Reit(AJBU.SG$ 2023Q1 returned 16.4%, $FRASERS LOGISTICS & COM TRUST(BUOU.SG$ returned 12.1% and $UtdHampshReitUSD(ODBU.SG$ returned 11.1%.
$Keppel DC Reit(AJBU.SG$$FRASERS LOGISTICS & COM TRUST(BUOU.SG$$UtdHampshReitUSD(ODBU.SG$$Cromwell Reit EUR(CWBU.SG$$M44UNRO(M44UNRO.SG$$Mapletree PanAsia Com Tr(N2IU.SG$$Mapletree Ind Tr(ME8U.SG$$ARA HTrust USD(XZL.SG$$FRASERS CENTREPOINT TRUST(J69U.SG$$AIMS APAC Reit(O5RU.SG$$PARAGONREIT(SK6U.SG$$ParkwayLife Reit(C2PU.SG$$Suntec Reit(T82U.SG$$CapLand Ascendas REIT(A17U.SG$$Sabana Reit(M1GU.SG$$FRASERS HOSPITALITY TRUST(ACV.SG$$CapLand China T(AU8U.SG$$IREIT Global SGD(UD1U.SG$$First Reit(AW9U.SG$$Lendlease Reit(JYEU.SG$
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101543112 : don't buy something for the sake of its yield, do study the foundamental too
soyabean89 101543112: And geographical risk too. Fuck the xi clown. Tanking chinese economy n $EC World Reit (BWCU.SG)$
102960063 101543112: I learnt my lessons
102872488 soyabean89: agree. stay away. easily lost 20 percent