This time, instead of comparing only industrial REITs from Singapore as per the previous post, I would compare industrial REITs with comparable market cap. I will first start with industrial REITs with a market cap of S$ 4 billion and above. Note that most of the industrial REITs having logistics and/or business parks in their portfolio as well. Image by marcinjozwiak from Pixabay

• Growth Trend for DPU is not adjusted for any equity fundraising.

Below is the summary for REIT with more favorable points (without weightage) by categories: 1) Basic Profile & Key Statistics - FLCT 2) Related Parties Shareholding - FLCT, KDC & MLT 3) Lease Profile - FLCT 4) Debt Profile - AREIT & KDC 5) Diversification - AREIT 6) Key Financial Metrics - KDC & MIT 7) Growth Trend - KDC 8) Overall - Tie between AREIT & KDC How about relative valuation?...