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S-REITs, Property Trusts Mark Their 20th Year (The Business Times)

July 20, 2022 – (from The Business Times) THIS year marks the 20th anniversary of the Singapore S-Reits and property trust sector with the first Reit – CapitaLand Mall Trust – listed in July 2002, followed by Ascendas Reit in November 2002.

Since then, the sector has evolved into the largest Reit market in Asia ex-Japan, with a mature ecosystem. As of end June 2022, Singapore lists 43 S-Reits with total market value exceeding S$110 billion and average dividend yield of 6.4 per cent. The sector’s market value has grown at a compounded annual growth rate of 13 per cent over the last 10 years. 

Singapore Reits have also expanded and diversified beyond Singapore shores. Starting out with mainly local assets and a domestic investor base 20 years ago, the sector has evolved into a global Reit hub today with active international investor participation and foreign asset listings. To date, more than 80 per cent of the 43 S-Reits and property trusts hold overseas assets.

Read more here..

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