wywy
07-05

The FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased by 1.12% in June, rising from 631.68 to 638.78. Despite this growth, the Singapore REIT sector remains slightly undervalued, trading at a 24% discount to its fair value, with an average trailing twelve-month yield of 6.03%.

*Top Performers:*

- *Frasers Hospitality Trust*: delivered a total return of 21.4% year-to-date

- *CapitaLand Integrated Commercial Trust*: gained 13.8% year-to-date with a solid 5.0% dividend yield

- *First REIT*: delivered a 10.7% gain year-to-date with the highest dividend yield of 8.7% among the leaders

- *Parkway Life Real Estate Investment Trust*: achieved a total return of 10.0% year-to-date

*Market Trends:*

- The US 10-year risk-free rate decreased to 4.41%, while the SG 10-year risk-free rate decreased by 0.26%

- The sector's price-to-book ratio is below 0.8 times, indicating potential value opportunities

- Average yield spread is at 3.95% with respect to the SG risk-free rate

*Other Key Statistics:*

- Total Singapore REIT market capitalization decreased by 2.01% to S$86.45 billion

- Gearing ratio increased to 39.94% with a weighted average of 38.35%

- 19 of 37 Singapore REITs have trailing twelve-month distribution yields above 7% 

Singapore REITs to Watch Out for in June
Keep an eye on these 4 Singapore REITs in June as they have either announced positive results or intriguing business developments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment