Suburban-Focused Retail S-REITs Average 7.6% In Total Returns (The Business Times)
October 11, 2021 – At over 80 per cent of the population, Singapore has one of the highest Covid-19 vaccination rates globally. Booster shots are also underway as part of efforts towards a progressive full reopening and strategy to treat Covid-19 as endemic.
Sectors such as retail, travel and hospitality remain poised to benefit in the long run as borders reopen progressively and social activities return.
Singapore is working on establishing a vaccinated travel lane with several countries including some European countries, the United States and South Korea.
In the near term and somewhat physically closer to our homes, suburban malls have demonstrated relevance and resilience amid extended restrictions and Work-From-Home (WFH) trends with exposure to essential trades such as supermarkets and food and beverage outlets.
There are five S-Reits with exposure to suburban-focused retail malls in Singapore – Frasers Centrepoint Trust Frasers Cpt Tr: J69U -0.44% , CapitaLand Integrated Commercial Trust CapLand IntCom T: C38U -0.47% , SPH Reit SPHREIT: SK6U -0.52% , Mapletree Commercial Trust Mapletree Com Tr: N2IU -0.48% , and Lendlease Global Commercial Reit Lendlease Reit: JYEU -0.58% through its 31.8 per cent indirect interest in JEM.
These five have averaged 7.6 per cent in total returns in the year to date (YTD).
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