The S-REIT hub on its 20th anniversary

Goola Warden
Goola Warden3/24/2022 03:11 PM GMT+08  • 5 min read
The S-REIT hub on its 20th anniversary
On the 20th anniversary of S-REITs, Jonathan Yap, CEO, Fund Management, CLI looks back, and forward on S-REIT hub prospects
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

As CEO, fund management, at CapitaLand Investment (CLI), Jonathan Yap oversees CLI’s REITs and funds portfolio. Some 21 years ago, he was at Lendlease. In those days, CapitaLand, fresh from a merger between Pidemco Land and DBS Land, was attempting to list its retail mall portfolio as Singapore Property Trust (SPT) to lighten its debt-laden balance sheet.

As it happened, the IPO of SPT was shelved due to its relatively modest yield of 5-plus-%, and a lack of understanding of REITs among retail investors. SPT was repackaged and listed as CapitaLand Mall Trust in 2002. Now, as CICT, it has returned $1.16 per unit since 2011 (see chart), including the pandemic years of 2020 and 2021.

In a recent interview, Yap gamely answered questions on REITs, funds, internalisation and M&A.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now