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China Focused S-Reits Resilient Amid Onshore Property Focus (The Business Times)

September 27, 2021 – Chinese real estate and property-related stocks have been dominating headlines over the past week as investors remain cautious and watch for updates.

Closer to home, there are four S-Reits which have their entire portfolio of assets in China – CapitaLand China Trust CapLand, Sasseur Reit, EC World Reit, and BHG Retail Reit.

Together the four S-Reits have generated -0.9 per cent in average price returns over the past week, comparatively to the swings of Chinese property stocks.

The Reits have averaged 8.0 per cent in total returns in the year-to-date, 6.1 per cent in average distribution yields, and an average gearing ratio of 34.1 per cent which is lower than the sector average of 37.4 per cent.

S-Reits have a regulated leverage limited of 50 per cent.

CapitaLand China Trust (CLCT) is the largest multi-asset China focused S-Reit with an expanded mandate from a pure retail Reit into a diversified portfolio of retail and business park assets since earlier this year.

Read more here..

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