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Reits
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Nostradamus
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19-Oct-2006 01:18
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Singapore's REIT can expect to see 8-10% growth per annum in distribution per unit (DPU) over the next two years, S&P said. S&P analyst Geraldine Seah said she expects the REITS to achieve a compound annual growth rate of 8-10% between 2006-2008, on the back of property enhancements leveraging the property upcycle in Singapore. According to consensus estimates, forward DPU yields for REITs are hovering at around 5.5%, she added. The research house said REITs with primarily office portfolios have the biggest growth potential, where average rents have risen 30% within three years and net property yields have improved to 3.5-4.5% from 2.0-3.0% two years ago. "We still think the office REITs will do well, with office space remaining tight in the next few years," Seah said, adding that office landlord CapitaCommercial Trust has outperformed the Straits Times Index and property sector, rising more than 40% year-to-date. The research house also expects Singapore to lead the growth in the REIT market in Asia ex-Japan. Singapore has more than 12 listed REITs, with a total market capitalization of around US$11.3b, and S&P said it expects more local and foreign-based REITs to seek listings here. "Success will continue to stem from a favorable regulatory framework, quality assets and managers," S&P said in a report. "The total return numbers for Singapore REITs remain robust, as managers continue to leverage the existing portfolio of quality assets, capitalize on the current property upcycle and expand their portfolio," it added. |
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chipchip66
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12-Oct-2006 21:19
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i am vested in allco reits and frasers reits. anyone own any ?? |
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Nostradamus
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12-Oct-2006 20:36
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Asia is ripe for an "explosion" in REITs as China, Pakistan, Dubai and Saudi Arabia consider legislative reforms to boost the market, Standard and Poor's said. While growth in the Asian property and REITs market has lagged behind Europe and the United States, they offer huge potential, the US credit ratings firm said in a report. In the third quarter to September, an index compiled by S&P and Citigroup showed the Asia-Pacific property market rose 7.46% from a year earlier, less than the 12.44% growth in Europe and 9.75% in the US. The Asia-Pacific REITs market expanded 8.32% in the third quarter, compared with 16.59% in Europe and 9.68% in the United States. "The region is ripe for a REIT explosion," the report said. Places like "Dubai, Saudi Arabia, India, China and Pakistan are all actively considering REIT legislation and the potential for a real property boom is huge though the actual legislation may take time," it said. Within the Asia-Pacific region, Japan, Hong Kong and Singapore remain stable REIT markets, while Australia is the oldest and most mature. "If Japan permits locally listed REITs to acquire foreign properties, as there are some indications (it will do), this will provide a big boost to the region's property market," it said. Malaysia has also offered "perhaps the most innovative REIT product in recent times", the report said, referring to the country's offer of Islamic REITs, which are gaining increasing popularity among Islamic investors. Malaysia has ambitions of becoming an Islamic financial centre. REITs use the pooled capital of investors to purchase and manage property and mortgage loans or a combination of both. They are traded on major exchanges just like stocks. |
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Nostradamus
Supreme |
03-Oct-2006 01:11
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Property counters have surged. Time to rotate to Reits. |
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chipchip66
Master |
29-Sep-2006 23:17
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Noticed all Reits hav moved a fair bit today. Could it be 3Q propping up of books? |
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chipchip66
Master |
29-Sep-2006 11:25
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Selling like hot cakes now!! |
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