It’s always been in my plan to write an analysis for Mapletree Commercial Trust (MCT) and Suntec Reit (Suntec) when I started this blog in December 2018. However, I was procrastinating and have forgotten about it till now. As both MCT and Suntec have exposure in retail, they are laggard behind other REITs such as Industrial. MCT and Suntec are down 22% and 28% YTD respectively. Is it time to invest in either of them? In this article, I will be analysing one of the most reputable diversified REITs in Singapore.

Sponsor

The sponsor for Suntec and MCT is ARA Asset and Mapletree Investments respectively. ARA manages about $88 billion worth of properties worldwide as of 31 December 2019. It also manages listed and unlisted real estate investment trusts and private real estate infrastructure funds in 28 countries, which include Suntec Reit in Singapore, Fortune Reit, Prosperity Reit and Hui Xian Reit in Hong Kong. On the other hand, Mapletree Investments Pte Ltd is...