S-REIT Sectors
Singapore listed REITs are generally classified as office, retail, industrial, healthcare, hospitality, data centre and diversified. For a breakdown of the different sectors, please see here (under ‘Choice of Sub-Sectors’). For a summary table of Singapore REITs, please click here
These REITs own and manage office real estate and lease these spaces out to tenants.
| REITs | Market Cap S$Bil | Portfolio Value $Bil | Country Exposure | |
|---|---|---|---|---|
| 1 | Keppel REIT | 3.5 | 9.2 | Singapore, Australia, South Korea, Japan |
| 2 | Prime US REIT | 0.6 | 2.2 | USA |
| 3 | Keppel Pacific Oak US REIT | 0.6 | 1.9 | USA |
| 4 | Manulife US REIT | 0.6 | 1.9 | USA |
| 5 | IREIT Global | 0.6 | 1.4 | Germany, Spain, France |
| 6 | Elite Commercial REIT | 0.4 | 0.7 | UK, Scotland |
- Source: Market cap – SGX (as at end February 2023 from SGX S-REIT March 2023 Chartbook)
- Portfolio value and country exposure – latest company reports available as at 7 April 2023
Industrial REITs own and manage industrial facilities such as warehouses and distribution centres and lease these spaces out to tenants.
| REITs | Market Cap S$Bil | Portfolio Value S$Bil | Country Exposure | |
|---|---|---|---|---|
| 1 | CapitaLand Ascendas REIT | 11.6 | 16.4 | Singapore, Australia, UK, USA, Netherlands, France, Switzerland |
| 2 | Mapletree Logistics Trust | 8.1 | 13.0 | Singapore, Australia, China, Hong Kong, India, Japan, Vietnam, Malaysia, South Korea |
| 3 | Mapletree Industrial Trust | 6.4 | 8.6 | Singapore, USA |
| 4 | ESR-LOGOS REIT | 2.4 | 4.6 | Singapore, Australia, Japan |
| 5 | AIMS APAC REIT | 1.0 | 2.3 | Singapore, Australia |
| 6 | Sabana Industrial REIT | 0.5 | 0.9 | Singapore | 7 | EC World REIT | 0.4 | 1.7 | China |
| 8 | Daiwa House Logistics Trust | 0.4 | 1.1 | Japan |
- Source: Market cap – SGX (as at end-February 2023 from SGX S-REIT March 2023 Chartbook)
- Portfolio value and country exposure – latest company reports available as at 7 April 2023
Retail REITs own and manage retail real estate and lease these spaces out to tenants.
| REITs/Property Trusts | Market Cap S$Bil | Portfolio Value S$Bil | Country Exposure | |
|---|---|---|---|---|
| 1 | Frasers Centrepoint Trust | 3.8 | 5.5 | Singapore |
| 2 | Paragon REIT | 2.8 | 4.1 | Singapore, Australia |
| 3 | Starhill Global REIT | 1.3 | 2.9 | Singapore, Australia, Malaysia, Japan, China |
| 4 | Sasseur REIT | 0.9 | 1.6 | China |
| 5 | United Hampshire US REIT | 0.4 | 1.0 | USA |
| 6 | BHG Retail REIT | 0.3 | 0.9 | China |
| 7 | Lippo Malls Indonesia Retail Trust | 0.2 | 1.7 | Indonesia |
| 8 | Dasin Retail Trust* | 0.2 | 2.1 | China |
*Dasin Retail Trust is a Property Trust.
- Source: Market cap – SGX (as at end February 2023 from SGX S-REIT March 2023 Chartbook)
- Portfolio value and country exposure – latest company reports available as at 7 April 2023
Healthcare REITs own and manage various types of healthcare properties such as hospitals, nursing homes and medical centres.
| REITs/Property trusts | Market Cap S$Bil | Portfolio Value S$Bil | Country Exposure | |
|---|---|---|---|---|
| 1 | Parkway Life REIT | 2.6 | 2.2 | Singapore, Malaysia, Japan |
| 2 | First REIT | 0.5 | 1.1 | Singapore, Indonesia, Japan |
- Source: Market cap – SGX (as at end February 2023 from SGX S-REIT March 2023 Chartbook)
- Portfolio value and country exposure – latest company reports available as at 7 April 2023
Hospitality trusts in Singapore are typically structured as stapled trusts where one unit of the REIT will be stapled to one unit of the business trust. The REIT component will hold the assets which are then master leased to the hotel operator (e.g. the sponsor) which will be operating the hotel while the business trust component typically serves as “master lessee of last resort” in case the master lease arrangement falls away although some stapled trusts have active business trusts which own and operate the hotels as well.
| Stapled trusts | Market cap S$Bil | Portfolio Value S$Bil | Country Exposure | |
|---|---|---|---|---|
| 1 | CapitaLand Ascott Trust | 3.5 | 7.1 | Singapore, Australia, Indonesia, Malaysia, Vietnam, Philippines, China, Japan, Spain, France, Belgium, Germany, UK, USA, South Korea |
| 2 | CDL Hospitality Trust | 1.6 | 2.8 | Singapore, Australia, New Zealand, The Maldives, Japan, UK, Germany, Italy |
| 3 | Far East Hospitality Trust | 1.3 | 2.4 | Singapore |
| 4 | Frasers Hospitality Trust | 0.9 | 1.9 | Singapore, Australia, UK, Malaysia, Germany, Japan, Scotland |
| 5 | ARA US Hospitality Trust | 0.3 | 1.0 | USA |
| 6 | Eagle Hospitality Trust | – | – | USA |
- Trading of Eagle Hospitality Trust was voluntarily suspended since 24 March 2020
- Source: Market cap – SGX (as at end February 2023 from SGX S-REIT March 2023 Chartbook)
- Portfolio value and country exposure – latest company reports available as at 7 April 2023
Data Centre REITs own and manage facilities that house customers’ server racks which are used to store, process and distribute data. They provide required power and cooling with redundancy, as well as connectivity and fire protection.
| REIT** | Market cap S$Bil | Portfolio Value S$Bil | Country Exposure | |
|---|---|---|---|---|
| 1 | Keppel DC REIT | 3.4 | 3.6 | Singapore, Australia, Germany, UK, Italy, Malaysia, The Netherlands, Ireland, China |
| 2 | Digital Core REIT | 0.9 | 1.9 | USA, Canada, Germany |
- Source: Market cap – SGX (as at end February 2023 from SGX S-REIT March 2023 Chartbook)
- Portfolio value and country exposure – latest company reports available as at 7 April 2023
** Mapletree Industrial Trust and CapitaLand Ascendas REIT (both in the industrial REITs category), also own data centres.
Diversified REITs own and manage a mix of property types and collect rent from tenants. For example, diversified REITs may own portfolios made up of both office and retail properties.
| REITs/Property trusts | Market cap S$Bil | Portfolio Value S$Bil | Country Exposure | |
|---|---|---|---|---|
| 1 | CapitaLand Integrated Commercial Trust | 12.9 | 23.7 | Singapore, Germany, Australia |
| 2 | Mapletree Commercial Trust | 9.0 | 17.1 | Singapore, China, Hong Kong, Japan, South Korea |
| 3 | Suntec REIT | 4.1 | 7.9 | Singapore, Australia, UK |
| 4 | OUE Commercial REIT | 1.9 | 5.5 | Singapore, China |
| 5 | CapitaLand China Trust | 1.9 | 4.9 | China |
| 6 | Lendlease Global Commercial REIT | 1.6 | 3.6 | Singapore, Italy |
| 7 | CapitaLand India Trust* | 1.3 | 2.5 | India |
| 8 | Cromwell European REIT | 1.4 | 3.6 | Denmark, France, Finland, Germany, Italy, Poland, Slovakia, The Czech Rebublic, The Netherlands, UK |
| 9 | Frasers Logistics & Commercial Trust | 4.8 | 7.0 | Singapore, Australia, Germany, The Netherlands, UK |
*CapitaLand India Trust is a Property Trust.
Excludes RHT Health Trust which has become a cash trust and trading has been suspended
- Source: Market cap – SGX (as at end February 2023 from SGX S-REIT March 2023 Chartbook);
- Portfolio value and country exposure – latest company reports available as ay 7 April 2023