While Singapore REITs (SG REITs) outperformed the Straits Times Index (STI) in 2Q2021, SG REITs continued to underperform the STI on a half year basis, note SAC Capital analysts Lam Wang Kwan and Tracy Lim. 

Total return of the SG REITs sector was 2.3%, compared to the STI’s 0.4%. Total sector returns were 8.3% in 1H2021 as compared to STI’s 11.1%. 

Over the course of 1H2021, SG REITs raised $2.3 billion in various equity fund-raising exercises and an additional $2.6 billion through debt issuance. Of which, Mapletree Industrial Trust raised the largest amount of approximately $1.2 billion, write Lam and Lim in a note on Aug 17.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook