Ascendas Hospitality Trust property in Singapore Park Hotel Clarke QuayAscendas Hospitality Trust's property in Singapore, Park Hotel Clarke Quay

2015 has generally been a dismal year for Singapore-listed REITs and trusts. Only five counters finished the year higher that their respective prices recorded on 2 January 2015 which was the first trading day of the year:

REITsWeek has collated the best and worst performing Singapore-listed REITs and trusts for the year. (Note: the list excludes Saizen REIT and recently-listed BHG Retail REIT).

The list of 10 best performing Singapore REITs & trusts in terms of price appreciation for 2015 is being led by Ascendas Hospitality Trust (SGX:Q1P). However it is worth mentioning the significant price appreciation around 23 December 2015 when it was revealed that the trust is in talks with an unnamed party with regards to an offer for a buyout of all issued stapled securities.

REIT / Trust Symbol 2 Jan 2015 (SGD) 31 Dec 2015 (SGD) Change (%)
Ascendas Hospitality Trust Q1P 0.680 0.740 8.82%
Croesus Retail Trust S6NU 0.775 0.810 4.57%
Keppel DC REIT AJBU 0.975 1.015 4.10%
Ascendas India Trust CY6U 0.840 0.870 3.57%
Mapletree Industrial Trust ME8U 1.495 1.520 1.67%
Parkway Life REIT C2PU 2.350 2.330 -0.85%
Soilbuild Business Space REIT SV3U 0.790 0.770 -2.53%
AIMS AMP Capital Industrial REIT O5RU 1.425 1.375 -3.51%
Mapletree Greater China Commercial Trust RW0U 0.950 0.915 -3.68%
Frasers Centrepoint Trust J69U 1.920 1.845 -3.91%

The 10 worst performing Singapore REITs & trusts in terms of price appreciation for 2015 is led by Accordia Golf Trust which announced a distribution per unit of 5.71 Singapore cents in May 2015 - a figure that is lower than forecast.

REIT / Trust Symbol 2 Jan 2015 (SGD) 31 Dec 2015 (SGD) Change (%)
Accordia Golf Trust ADQU 0.755 0.535 -29.14%
Keppel REIT K71U 1.225 0.930 -24.08%
Sabana REIT M1GU 0.940 0.715 -23.94%
CDL Hospitality Trust J85 1.745 1.330 -23.78%
CapitaLand Commercial Trust C61U 1.740 1.350 -22.41%
Cache Logistics Trust K2LU 1.160 0.910 -21.55%
Suntec REIT T82U 1.960 1.550 -20.92%
Far East Hospitality Trust Q5T 0.820 0.665 -18.90%
Cambridge Industrial Trust J91U 0.680 0.565 -16.91%
OUE Hospitality Trust SK7 0.915 0.770 -15.85%

The full list of Singapore-listed REITs and trust, and the respective price movements from start to end of 2015 is tabulated as follows:

REIT / Trust Symbol 2 Jan 2015 (SGD) 31 Dec 2015 (SGD) Change (%) Remarks
Saizen REIT T8JU 0.860 1.090 26.74% Consolidation
Ascendas Hospitality Trust Q1P 0.680 0.740 8.82%  
Croesus Retail Trust S6NU 0.775 0.810 4.57%  
Keppel DC REIT AJBU 0.975 1.015 4.10%  
Ascendas India Trust CY6U 0.840 0.870 3.57%  
Mapletree Industrial Trust ME8U 1.495 1.520 1.67%  
BHG Retail REIT BMGU 0.800 0.800 0.00% Listed Dec
Parkway Life REIT C2PU 2.350 2.330 -0.85%  
Soilbuild Business Space REIT SV3U 0.790 0.770 -2.53%  
AIMS AMP Capital Industrial REIT O5RU 1.425 1.375 -3.51%  
Mapletree Greater China Commercial Trust RW0U 0.950 0.915 -3.68%  
Frasers Centrepoint Trust J69U 1.920 1.845 -3.91%  
First REIT AW9U 1.260 1.200 -4.76%  
Ascendas REIT A17U 2.400 2.280 -5.00%  
CapitaLand Retail Trust C38U 2.040 1.930 -5.39%  
Ascott REIT A68U 1.265 1.185 -6.32%  
Starhill Global REIT P40U 0.810 0.755 -6.79%  
Lippo Malls Indonesia Retail Trust D5IU 0.345 0.320 -7.25%  
SPH REIT SK6U 1.040 0.955 -8.17%  
CapitaLand Retail China Trust AU8U 1.625 1.490 -8.31%  
Mapletree Commercial Trust N2IU 1.420 1.300 -8.45%  
OUE Commercial REIT TS0U 0.732 0.655 -10.51%  
Frasers Commercial Trust ND8U 1.420 1.270 -10.56%  
IREIT Global UD1U 0.779 0.690 -11.44%  
Viva Industrial Trust T8B 0.803 0.710 -11.58%  
Frasers Hospitality Trust ACV 0.880 0.750 -14.77%  
Mapletree Logistics Trust M44U 1.175 0.990 -15.74%  
OUE Hospitality Trust SK7 0.915 0.770 -15.85%  
Cambridge Industrial Trust J91U 0.680 0.565 -16.91%  
Far East Hospitality Trust Q5T 0.820 0.665 -18.90%  
Suntec REIT T82U 1.960 1.550 -20.92%  
Cache Logistics Trust K2LU 1.160 0.910 -21.55%  
CapitaLand Commercial Trust C61U 1.740 1.350 -22.41%  
CDL Hospitality Trust J85 1.745 1.330 -23.78%  
Sabana REIT M1GU 0.940 0.715 -23.94%  
Keppel REIT K71U 1.225 0.930 -24.08%  
Accordia Golf Trust ADQU 0.755 0.535 -29.14%

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.