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Which office REIT manager creates the best value?

PC Lee
PC Lee6/20/2017 4:33 PM GMT+08  • 2 min read
Which office REIT manager creates the best value?
SINGAPORE (June 20): CapitaLand Commercial Trust offers the best performance at the lowest cost to unitholders, according Maybank Kim Eng.
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SINGAPORE (June 20): CapitaLand Commercial Trust offers the best performance at the lowest cost to unitholders, according Maybank Kim Eng.

“A good asset manager should be able to create value for unitholders by acquiring undervalued assets, divesting overvalued assets and improving their underlaying property income to achieve higher asset value,” says analyst Derrick Heng in a Monday report.

To reflect the track record of managers, Heng calculated the IRR (internal rate of return) for key properties in the REIT between 2010 and 2016 by comparing the difference in valuation and estimated the level of cashflows in that seven-year period.

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