Centerpointe I & II (Photo: Manulife US REIT)Manulife US REIT's Centerpointe I & II (Photo: Manulife US REIT)

Why are yields on Singapore-listed US focused REITs significantly higher than US-listed REITs that hold similar portfolios?

In this interview, Manulife US REIT sheds more light on a question that has perplexed several industry watchers since US-focused REITs begin listing in Singapore.

Manulife US REIT is one of two ‘pure play’ US-focused office REITs listed on the Singapore Exchange, with a portfolio of seven Grade A and Trophy Class office properties across the country.

The REIT has achieved yields upwards of 6.0% since listing in May 2016.

However, according to the US industry advocacy group NAREIT, the average dividend yield for the 21 US-listed office REITs in 2019 is just 3.45%.

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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.