To The Moon

On May 24th (last Saturday), Lady Gaga concluded her fourth concert in Singapore for May (May 18th, 19th, 21st, and 24th).

So far this year, Singapore has hosted a total of 14 major star performances.

Throughout the coming summer, there are more concerts to look forward to: Alan Tam on June 14th, Zhao Chuan on June 21st, and Su Yongkang on June 22nd, followed by Emil Chau on July 19th.

Are you feel very excited about these upcoming events?

Tiger’s active user @koolgal posted "The Magic of Lady Gaga Is Now In Singapore." saying

"As a Singaporean, I am so happy and proud that Singapore has become a hotspot for major concerts in Southeast Asia. I believe that this is due to a winning combination of world-class facilities, strategic planning, and robust infrastructure."

Yes, as Koogal stated: Singapore, with its world-class facilities, strategic planning, and strong infrastructure, has become a popular destination for large-scale concerts in Southeast Asia. Its meticulous urban planning and efficient public transportation system make the city highly accessible, and its compact nature allows it to easily handle large concerts like Lady Gaga's.

More importantly, Singapore's political stability, rigorous safety protocols, and robust crowd management provide a reliable operational environment for high-profile events, which is unmatched in other regions. Concerts have also stimulated Singapore's economy and enhanced its international reputation, making it a popular venue for international performances and a wide range of cultural and sports events.

Koogal specifically mentioned positive outlooks on $CapLand IntCom T(C38U.SI)$ & $CapLand Ascott T(HMN.SI)$ in her article：

• Capitaland Integrated Commercial Trust CapLandIntComT(.SI) Bullish/看多, which is the largest Real Estate Investment Trust listed in Singapore with a market capitalization of SGD 14.1 billion as of December 31, 2024.

• CapLandAscottT(HMN.SI) Bullish/看多, which is the largest lodging trust in Asia Pacific with an asset value of SGD 8.8 billion as of December 31, 2024.

So, how will the overall performance of Singapore SREITs in 2025 be? How will it be different from 2024? In which sectors will SREITs perform better? Below are some observations, also contributions from Tigers.

Overall and segment performance of SRITS in 2025

"If you've been monitoring the Singapore REIT (S-REIT) market lately, you've probably noticed a familiar trend: prices are drifting downward again. It feels like a rinse-and-repeat cycle where every REIT sell-off gets blamed on rising interest rates. That's not an irrational thought—higher rates do put pressure on real estate investment trusts. But in this case, it might be the wrong conclusion. Here's the twist that almost no one is talking about: Singapore interest rates are actually falling."

Read more from @Mickey082024 ：Singapore REITs Are Falling—But It’s Not Because of Local Interest Rates

From the data point of view:

• Overall, the performance of Singapore real estate trusts in 2025 showed some volatility, but was relatively stable.

• As of May 30, 2025, the$ iEdge Singapore REIT Index and $CSOP S-REITs INDEX ETF(SRT.SI)$ were both nagative and lower than the performance of $Straits Times Index(STI.SI)$, $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$.

  Data as of May 30th 2025.

• Compared with 2024, the overall Singapore REITs market is weak.

• In terms of returns: According to DBS Group Research, the yield of S-REITs in fiscal 2025 is expected to stabilize at around 5.5% after adjusting for capital replenishment and all-cash management expenses, lower than the reported 6.1%.

Retail, commercial, and medical SREITS sectors performed well

However, among the SREITs with a market value greater than SGD50M in SG, a total of 12 will have positive returns in 2025. And 7 of them have achieved returns greater than DBS's expectations this year.

The following is the data information of the top 10 SREITs in 2025: 💰A Deep Dive into Top 10 S-REITs Returns in 2025

$PARAGON REIT(SK6U.SI)$ , $CapLand IntCom T(C38U.SI)$ , $ParkwayLife Reit(C2PU.SI)$ , $First Reit(AW9U.SI)$ , $AIMS APAC Reit(O5RU.SI)$ , $Frasers Cpt Tr(J69U.SI)$, $CapLand Ascendas REIT(A17U.SI)$ , $StarhillGbl Reit(P40U.SI)$, $OUEREIT(TS0U.SI)$ $KEPPEL REIT(K71U.SI)$

Overall, retail, commercial and medical real estate trusts performed better.

@SGX_Stars pointed out in Healthcare S-REITs outperform broader S-REIT market shared that, on May 19, Healthcare S-REITs have been the top-performing REIT sub-sector this year, with an average total return of 6.2%, compared to the iEdge S-REIT Index's decline of 1.1%

Why Healthcare S-REITs Are Quietly Winning? The @The Investing Iguana mentioned in the video that “Healthcare REITs stay resilient, even during tough times, thanks to stable demand for hospitals and nursing homes.” Click link to listen more if you are interested.

-At the same time, REITs in the industrial sector also performed well, according to Industrial S-REITs report NPI growth, but managers are cautious on outlook “SINGAPORE real estate investment trusts (S-REITs) with exposure to the industrial sub-segment have mostly reported growth in net property income (NPI) in the quarter ended March. The resilient operating performance comes as industrial S-REITs report stable occupancies and positive rental reversions in the most recent quarter. ”

Do you have holding of SG REITs? Read more on Other Tigers REIT articles:

• Keppel REIT: Stability You Can Count On @yourcelesttyy

• U.S. Office REITs Comparison : $ManulifeReit USD(BTOU.SI)$ $Prime US ReitUSD(OXMU.SI)$ $KepPacOakReitUSD(CMOU.SI)$ @REIT_TIREMENT

• RHB's Overweight Call on S-REITs: Complete Analysis and Investment Strategy @yourcelesttyy

• Mapletree Group's REITs Comparison @ 20 April 2025 @REIT_TIREMENT

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