The quarter for financial reporting done by all the Commercial REITs is almost over.
This is the last quarter of 2016 and it looks like the REITs have made it through a rather challenging year. It is good for us to do a stock take.
The Main Metrics
These 5 REITs predominately have office property in Singapore. 4 of them with Grade A prime properties and Frasers Commercial have 50% in Singapore Grade B and Business Park and 50% in Australia. Keppel REIT have 10% in Australia. Majority of Suntec’s asset comes from their retail operations.
The 5 REITs have perform ok in terms of improving their DPU. Suntec have been doing well, while OUE’s DPU growth comes much from its rights issue acquisition. 2016 is a year where there are much office supply to be absorbed, together with a challenging economic situation. The REITs, in particular Capitaland, Keppel and ......