• For the 4Q21 to date, Ascott Residence Trust, Suntec REIT, SPH REIT, Keppel REIT and Keppel Pacific Oak US REIT have led net institutional inflows across the S-REIT Sector, with a total of S$67 million of net buying, while averaging 6% total returns.
   
• SPH REIT has also been among the five REITs that led net institutional inflows across the S-REIT Sector in the YTD, with SPH REIT generating a 24% total return, while delivering 15% gross revenue growth for its FY21 (ended 31 Aug), and a 5.4 cent FY21 DPU, which included 0.52 cents deferred from FY20.
   
• The Hospitality segment of the S-REIT Sector, represented by five Stapled Trusts, saw the most net institutional inflows for the 4Q to date, followed by the Healthcare REITs. For the 4Q21 to date, the 42 trusts of the S-REIT Sector listed for trading have averaged a 3% total return, taking their average total returns for the YTD to 11%.  

For the 4Q21 to date, the 42 trusts of the S-REIT Sector listed for trading have averaged a 3% total return, taking their average total returns for the YTD to 11%. Aside from performances, a key highlight of the S-REIT Sector in 2021 was been the increased drive to increase value, divest, recycle or acquire properties to enhance unit value. On the acquisition front, close to 20 REITs have announced or made property acquisitions totaling more than S$10 billion in deal value throughout the year.

So far this month, the S-REIT Sector has been led by Digital Core REIT, with a 29.9% gain since its debut on 3 Dec, while BHG Retail REIT gained 12.1%, with three Stapled Hospitality Trusts making up the remaining top five performing REITs since 30 Nov - Far East Hospitality Trust, CDL Hospitality Trusts and ARA US Hospitality Trust. The Hospitality segment of the S-REIT Sector, represented by five Stapled Trusts, saw the most net institutional inflows for the 4Q to date, with a combined net buying of S$17.1 billion.

Ascott Residence Trust has seen the most net institutional buying across the S-REIT Sector since 30 Sep, with S$19.4 million of net buying, reducing the YTD accumulated net selling in the Stapled Trust from S$40.6 million as of 30 Sep to S$21.2 million as of 10 Dec. On 29 Oct, Ascott Residence Trust reported a fifth consecutive quarter of recovery, with momentum driven primarily by robust domestic leisure demand during summer season and weekends, particularly in markets like the United States and Europe, both of which were able to welcome more international travelers as borders reopened gradually.

After Ascott Residence Trust, Suntec REIT, SPH REIT, Keppel REIT and Keppel Pacific Oak US REIT have led net institutional inflows across the S-REIT Sector since 30 Sep. SPH REIT was also among the five REITs that led net institutional inflows across the S-REIT Sector in the 2021 year to 10 Dec, with SPH REIT generating a 23.7% total return, while delivering 14.8% gross revenue growth for its FY21 (ended 31 Aug), and a 5.4 cent FY21 DPU, which included 0.52 cents deferred from FY20.

The 42 trusts of the S-REIT Sector listed for trading are tabled below and sort by the highest net institutional inflows in the 4Q21 through to 10 Dec.

 # Denotes Stapled Trusts.** Denotes Business Trusts Note: Price and YTD Total Return as of 10 Dec 2021 (note P/B & Div. Yield as of 30 Nov 2021), Source: Corporate Filings, Bloomberg, Refinitiv.

On 3 Dec, Digital Core REIT listed on SGX, with an appraised portfolio value of US$1.4 billion that comprises of 10 institutional quality data centres located in the United States and Canada, listed on SGX. The placement tranche was approximately 19.6 times subscribed while the public tranche was approximately 16.1 times subscribed. A total of 26 cornerstone investors subscribed for an aggregate of 414.8 million units in Digital Core REIT which represented 36.9 per cent of the units in issue after the offering. Digital Core REIT has a market value of close to US$1.3 billion (S$1.7 billion).