S-REIT Sectors

Singapore listed REITs are generally classified as office, retail, industrial, healthcare, hospitality, data centre and diversified. For a graphical breakdown of the different sectors, please see here (under ‘Choice of Sub-Sectors’).

Office REITs

These REITs own and manage office real estate and lease these spaces out to tenants.

REITs Market Cap S$Bil Portfolio Size S$Bil Country Exposure
1 CapitaLand Commercial Trust 6.4 10.6 Singapore, Germany
2 Keppel REIT 3.8 3.8 Singapore, Australia
3 Manulife US REIT 1.4 2.4 USA
4 Frasers Commercial Trust 1.2 2.1 Singapore, Australia, United Kingdom
5 OUE Commercial REIT 0.7 3.5 Singapore, China
6 Keppel-KBS US REIT 0.5 0.8 USA
7 IREIT Global 0.5 0.5 Germany
  • As at Oct 2018.
  • Source: SGX (for market cap data), company reports for others.

 

Industrial REITs

Industrial REITs own and manage industrial facilities such as warehouses and distribution centres and lease these spaces out to tenants.

REITs Market Cap S$Bil Portfolio Size S$Bil Country Exposure
1 Ascendas REIT 8.0 10.7 Singapore, Australia
2 Mapletree Logistics Trust 4.3 7.3 Singapore, Australia, China, Hong Kong, Japan, Vietnam, Malaysia, South Korea
3 Mapletree Industrial Trust 3.6 4.0 Singapore, USA
4 Frasers Logistics & Industrial Trust 2.1 3.0 Australia, Germany, Netherlands
5 ESR REIT 1.6 1.7 Singapore
6 AIMS AMP Capital Industrial REIT 0.9 1.2 Singapore, Australia
7 Cache Logistics Trust 0.8 1.3 Singapore, Australia, China
8 EC World REIT 0.5 1.4 China
9 Sabana Shariah Compliant Industrial REIT 0.4 0.9 Singapore
  • As at Oct 2018.
  • Source: SGX (for market cap data), company reports for others.

 

Retail REITs

Retail REITs own and manage retail real estate and lease these spaces out to tenants.

REITs/Property Trusts Market Cap S$Bil Portfolio Size S$Bil Country Exposure
1 CapitaLand Mall Trust 7.5 8.3 Singapore
2 Fortune REIT 2.9 6.1 Hong Kong
3 SPH REIT 2.6 3.4 Singapore
4 Frasers Centrepoint Trust 2.0 2.7 Singapore
5 Starhill Global REIT 1.5 3.1 Singapore, Australia, Malaysia, Japan, China
6 CapitaLand Retail China Trust 1.3 2.5 China
7 Sasseur REIT 0.8 1.4 China
8 Lippo Malls Indonesia Retail Trust 0.7 1.9 Indonesia
9 Dasin Retail Trust* 0.5 1.5 China
10 BHG Retail REIT 0.3 0.8 China
  • As at Oct 2018.
  • *Dasin Retail Trust is a Property Trust.
  • Source: SGX (for market cap data), company reports for others.
Healthcare REITs

Healthcare REITs own and manage various types of healthcare properties such as hospitals, nursing homes and medical centres.

REITs/Property trusts Market Cap S$Bil Portfolio Size S$Bil Country Exposure
1 Parkway Life REIT 1.6 1.8 Singapore, Malaysia, Japan
2 First REIT 1.0 1.3 Singapore, Indonesia, South Korea
3 RHT Health Trust* 0.6 0.5 India
  • As at Oct 2018.
  • *RHT Health Trust is a Property Trust.
  • Source: SGX (for market cap data), company reports for others.
Hospitality REITs

Hospitality trusts in Singapore are typically structured as stapled trusts where one unit of the REIT will be stapled to one unit of the business trust. The REIT component will hold the assets which are then master leased to the hotel operator (e.g. the sponsor) which will be operating the hotel while the business trust component typically serves as “master lessee of last resort” in case the master lease arrangement falls away although some stapled trusts have active business trusts which own and operate the hotels as well.

Stapled trusts  Market cap S$Bil Portfolio Size S$Bil Country Exposure
1 Ascott Residence Trust 2.3 4.9 Singapore, Australia, Indonesia, Malaysia, Vietnam, The Philippines, China, Japan, Spain, France, Belgium, Germany, UK, USA
2 CDL Hospitality Trust 1.8 2.4 Singapore, Australia, New Zealand, The Maldives, Japan, UK, Germany
3 Frasers Hospitality Trust 1.3 2.2 Singapore, Australia, UK, Malaysia, Germany, Japan
4 OUE Hospitality Trust 1.2 2.2 Singapore
5 Far East Hospitality Trust 1.1 2.6 Singapore
6 Ascendas Hospitality Trust 0.9 0.9 Singapore, Australia, China, Japan
  • As at Oct 2018.
  • Source: SGX (for market cap data), company reports for others.
Data Centre REITs

Data Centre REITs own and manage facilities that house customers’ server racks which are used to store, process and distribute data. They provide required power and cooling with redundancy, as well as connectivity and fire protection.

REIT** Market cap S$Bil Portfolio Size S$Bil Country Exposure
1 Keppel DC REIT 1.8 2.0 Singapore, Australia, Germany, UK, Italy, Malaysia, The Netherlands
  • As at Oct 2018.
  • Source: SGX (for market cap data), company reports for others.

** Mapletree Industrial Trust and Ascendas REIT (both in the industrial REITs category), also own data centres.

Diversified REITs

Diversified REITs own and manage a mix of property types and collect rent from tenants. For example, diversified REITs may own portfolios made up of both office and retail properties.

REITs/Property trusts Market cap S$Bil Portfolio Size S$Bil Country Exposure
1 Suntec REIT 4.8 6.4 Singapore, Australia
2 Mapletree Commercial Trust 4.7 6.7 Singapore
3 Mapletree North Asia Commercial Trust 3.6 7.2 China, Hong Kong, Japan
4 Cromwell European REIT 1.4 2.2 Denmark, France, Germany, Italy, The Netherlands
5 Ascendas India Trust* 1.1 1.6 India
6 Soilbuild Business Space REIT 0.6 1.1 Singapore, Australia
  • As at Oct 2018.
  • *Ascendas India Trust is a Property Trust.
  • Source: SGX (for market cap data), company reports for others.
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