Fundamental data from these various disclosures are also updated into the Singapore REITs table.
| REIT | NPI (SGD million) | YOY growth (%) | In a nutshell | Primary source |
|---|---|---|---|---|
| United Hampshire US REIT (1H 2024) | 25.4 | -1.7 | Absence of revenue from Big Pine Center that was divested in August 2023 impacted NPI for the reporting period. |  |
| Prime US REIT (1Q 2024) | 11.9 (USD) | -19.5 | Lower revenue on lower occupancy plus elevated finance expenses due to higher interest rates contributed to the fall in NPI. | |
| CapitaLand Integrated Commercial Trust (1H 2024) | 582.4 | +5.4 | Higher gross rental income and lower utility expenses contributed to the rise in NPI for the period. | |
| Daiwa House Logistics Trust (1H 2024) | 21.2 | -8.2 | In JPY terms, underlying revenue and NPI would have shown increases of 1.5% and 2.8% respectively. But the stronger SGD against the JPY led to the NPI decline when taken on SGD terms. | |
| BHG Retail REIT (1H 2024) | 19.9 | UNCH | Gross revenue and NPI for 1H 2024 would have been higher by 4.2% and 3.5% year-on-year respectively when read in RMB terms. NPI growth was flat due to stronger SGD. | |
| Sasseur REIT (1H 2024) | 62.3 | -0.4 | Refers to the REIT's EMA income model. Slippage due to lower takings when compared to 1H 2023. | |
| Elite Commercial REIT (1H 2024) | 18.7 (GBP) | -4.7 | Lower revenue and NPI due to non-income generating assets, which have been vacated by tenants. | |
| Cromwell European REIT (1H 2024) | 65.5 (EUR) | -4.4 | Lower NPI was largely due to the divestments of assets, which have been done to keep gearing low. | |
| IREIT Global (1H 2024) | 27.0 (EUR) | +22.8 | Mainly due to the inclusion of a dilapidation cost paid by the tenant at Berlin campus, and contribution from B&M portfolio and Darmstadt campus. | |
| Lendlease Global Commercial REIT (FY2024) | 165.3 | +7.4 | NPI includes upfront recognition of supplementary rent received from the lease restructuring of Sky Complex. Excluding this, NPI would have been a rise of 3.2%. | |
| Manulife US REIT (1H 2024) | 42.8 (USD) | -16.7 | Lower rental and recoveries combined with increase in property operating expenses led to the fall in NPI for 1H 2024. | |
| Far East Hospitality Trust (1H 2024) | 49.5 | +1.0 | Gross revenue for the period increased by 3.4% on growth across all segments. In particular, the hotel segment saw the largest growth, which led to the increase in NPI. | |
| Keppel Pacific Oak US REIT (1H 2024) | 42.0 (USD) | -4.2 | Lower recoveries and carpark income contributed to the fall in NPI. | |
| ESR-LOGOS REIT (1H 2024) | 127.8 | -9.2 | Slide in revenue and net property income have been attributed to absence of income from assets that were divested in 2023 and early-2024. | |
| AIMS APAC REIT (1Q 2025) | 34.4 | +6.6 | Double-digit rental reversion of 12.8% and rental growth contributed to the rise in revenue and NPI. | |
| CapitaLand Ascendas REIT (1H 2024) | 528.4 | +3.9 | Higher revenue from newly acquired assets Shugart in Singapore and Chess Building in the UK contributed to the higher NPI. | |
| CapitaLand China Trust (1H 2024) | 117.9 | -8.7 | The REIT's retail assets saw a growth in NPI but the overall portfolio NPI was dragged down due to weaker logistics parks performance and reduction in tax incentives for business parks. | |
| CDL Hospitality Trusts (1H 2024) | 66.5 | +5.9 | Higher RevPAR recorded across all markets, thanks to a continuation in the pent-up demand for travel, contributed to the higher NPI. | |
| Keppel REIT (1H 2024) | 96.8 | +7.7 | Higher income from KR Ginza II and Ocean Financial Centre, as well as revenue contribution from 2 Blue Street and 255 George Street in Australia boosted NPI for 1H. | |
| Starhill Global REIT (FY23/24) | 189.8 | +1.1 | Higher contribution from Singapore assets and Myer Centre Adelaide contributed to the slight escalation in NPI for the year despite absence of income from divested asset in Japan. | |
| Lippo Malls Indonesia Retail Trust (2Q 2024) | 29.4 | -9.2 | Lower rental income, higher operating expenses and a stronger SGD versus the IDR contributed to the decline in NPI. | |
| Keppel DC REIT (1H 2024) | 132.6 | +4.2 | High rental reversions and higher variable rents across the REIT's portfolio contributed to the rise in NPI. | |
| First REIT (1H 2024) | 50.3 | -4.1 | Higher financing costs and property expenses and stronger SGD against IDR contributed to the fall in NPI. | |
| CapitaLand Ascott Trust (1H 2024) | 172.9 | +12.0 | Strong performance of existing assets, plus contribution from newly acquired assets contributed to the rise in gross profit. | |
| Mapletree Industrial Trust (1Q FY24/25) | 132.5 | +1.3 | Revenue contribution from Osaka Data Centre and revenue from new leases contributed to the rise in NPI. | |
| Suntec REIT (1H 2024) | 151.0 | -1.5 | NPI slipped despite strong Singapore performance due to lower contribution from Australian and London assets. | |
| Mapletree Logistics Trust (1Q FY24/25) | 156.7 | -0.9 | Lower contribution from China properties, absence of revenue from divested assets, and weaker JPY and CNY have contributed to the lower NPI. | |
| OUE REIT (1H 2024) | 146.7 | +5.7 | Better income from Singapore properties and higher contribution from the hospitality segment contributed to the rise in NPI. | |
| Digital Core REIT (1H 2024) | 30.4 (USD) | -13.4 | NPI was down mainly due to the divestment of two Silicon Valley properties in January 2024. | |
| Sabana REIT (1H 2024) | 27.2 | UNCH | Impact of termination of leases at Tuas Avenue 8 and Perjure Lane due to delinquent tenants contributed to a fall in revenue, but this was offset by better performance of multi-tenanted assets. | |