Did you know that there are around 14 retail REITs listed in Singapore?? Out of the 14, 8 Retail REITs have local retail properties located in Singapore – indicating how integral shopping malls are to our lifestyle. The table below shows the 8 retail REITs in order of ascending market capitalization (from smallest to largest). In this article, we will touch on 4 Retail REITs that have garnered significant interest recently and also do a comparison at the end:

• CapitaLand Integrated Commercial Trust (CICT)
• Mapletree Pan Asia Commercial Trust (MPACT)
• Frasers Centrepoint Trust (FCT)
• Lendlease Global Commercial REIT (LREIT)

With that, lets dive in!

1. CapitaLand Integrated Commercial Trust

In its latest business update ended 31 Mar 2023, CICT reported net property income increased by 11.3% to S$276.3M mainly from the acquisitions completed in 1H2022. Overall portfolio occupancy is up slightly to 96.2%. Is worth to note that portfolio occupancy for its retail properties is even higher at 98.5%  while its occupancy for its office properties is lower 94.8%....