The following is a list of Asia-Pacific REITs and Listed Real Estate Securities that we are currently covering. Should you want to get in touch with our editorial team with media releases for your REIT or property trust, please contact us here.
REIT / Trust | Primary Type | DBS Rating | OCBC Rating | Maybank Rating | DBS Target | OCBC Estimate | Maybank Target |
---|---|---|---|---|---|---|---|
Accordia Golf Trust | Specialised Trust | - | |||||
AIMS AMP Capital Industrial REIT | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | ||||||
Ascendas Hospitality Trust | Hospitality Trust | ||||||
Ascendas India Trust | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | SGD1.12 (BUY) | |||||
Ascendas REIT | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | BUY ↕️ | SGD2.68 ↕️ | ||||
Ascott REIT | Hotels & Resorts REIT | HOLD ↕️ | SGD1.16 ⬇️ | ||||
BHG Retail REIT | Retail REIT | ||||||
Cache Logistics Trust | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial</a> | SGD0.77 | |||||
Cambridge Industrial Trust | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial</a> | ||||||
CapitaLand Commercial Trust | <a href="http://www.reitsweek.com/2012/12/office-reits.html">Office REIT</a> | BUY ↕️ | SGD1.69 ↕️ | ||||
CapitaLand Retail China Trust | Retail REIT | SGD1.60 (BUY) | BUY ↕️ | SGD1.56 ↕️ | |||
CapitaLand Retail Trust | Retail REIT | ||||||
CDL Hospitality Trust | Hotels & Resorts REIT | SGD1.46 (HOLD) | |||||
Croesus Retail Trust | Retail Trust | ||||||
EC World REIT | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | ||||||
Far East Hospitality Trust | Hotels & Resorts REIT | ||||||
First REIT | Health Care REIT | HOLD ↕️ | SGD1.32 ↕️ | ||||
Frasers Centrepoint Trust | Retail REIT | BUY ↕️ | SGD2.28 ↕️ | ||||
Frasers Commercial Trust | <a href="http://www.reitsweek.com/2012/12/office-reits.html">Office REIT</a> | ||||||
Frasers Hospitality Trust | Hotels & Resorts REIT | ||||||
<a href="http://www.reitsweek.com/2016/06/frasers-logistics-industrial-trust.html">Frasers Logistics & Industrial Trust</a> | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | SGD1.10 (BUY) | BUY ↕️ | SGD1.08 ↕️ | |||
IREIT Global | <a href="http://www.reitsweek.com/2012/12/office-reits.html">Office REIT</a> | ||||||
Keppel DC REIT | Specialised REIT | BUY ↕️ | SGD1.39 ↕️ | ||||
Keppel REIT | <a href="http://www.reitsweek.com/2012/12/office-reits.html">Office REIT</a> | ||||||
Lippo Malls Indonesia Retail Trust | Retail REIT | ||||||
Manulife US REIT | <a href="http://www.reitsweek.com/2012/12/office-reits.html">Office REIT</a> | ||||||
Mapletree Commercial Trust | Retail REIT | ||||||
Mapletree Greater China Commercial Trust | <a href="http://www.reitsweek.com/2012/12/office-reits.html">Office REIT</a> | BUY ↕️ | BUY ↕️ | SGD1.11 ↕️ | SGD1.08 ↕️ | ||
Mapletree Industrial Trust | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | BUY ↕️ | BUY ⬆️ | SGD1.90 ↕️ | SGD1.88 ⬆️ | ||
Mapletree Logistics Trust | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | ||||||
<a href="http://www.reitsweek.com/2014/01/oue-commercial-reit.html">OUE Commercial REIT</a> | <a href="http://www.reitsweek.com/2012/12/office-reits.html">Office REIT</a> | SGD0.65 (HOLD) | |||||
OUE Hospitality Trust | Hotels & Resorts REIT | BUY ⬆️ | SGD0.75 ↕️ | ||||
Parkway Life REIT | Health Care REIT | ||||||
Sabana REIT | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | ||||||
Saizen REIT | Residential REIT | ||||||
Soilbuild Business Space REIT | <a href="http://www.reitsweek.com/2012/12/industrial-reits.html">Industrial REIT</a> | ||||||
SPH REIT | Retail REIT | BUY ⬆️ | SGD1.03 ⬆️ | ||||
YTL Starhill Global REIT | Retail REIT | SGD0.85 (BUY) | SGD0.86 (BUY) | ||||
Suntec REIT | <a href="http://www.reitsweek.com/2012/12/office-reits.html">Office REIT</a> | SGD0.80 (BUY) | |||||
Viva Industrial Trust | Industrial Trust |
Australia REITs and Listed Real Estate Securities
Australian REITs were previously known as Listed Property Trusts (LPT) prior to 2008. It was later renamed to REITs to be consistent with international terms. Property trusts have existed in Australia as early as the 1970s as an alternative to direct property investments, allowing thousands of Australians to own stakes in listed property trusts via the ASX.
- 360 Capital Industrial Fund
- Abacus Property Group
- Agricultural Land Trust
- ARENA REIT
- ALE Property Group
- Aspen Group
- Astro Japan Property Group
- Australand Group
- Australian Education Trust
- Australian Social Infrastructure Fund
- BWP Trust
- Brookfield Prime Property Fund
- BlackWall Property Fund
- Carindale Property
- Centro Retail Group
- CFS Retail Property Trust
- Challenger Diversified Property
- Charter Hall Group
- Charter Hall Retail REIT
- CVC Property Fund
- Commonwealth Property
- Coonawarra Australia
- Cromwell Property Group
- DEXUS Property Group
- Federation Centres
- Galileo Japan Trust
- Generation Healthcare REIT
- Goodman Group
- GPT Group
- Growthpoint Properties Australia
- Investa Office Fund
- ING Real Estate Community Living
- Lantern Hotel Group
- MacarthurCook Property Securities Fund
- Real Estate Capital Partners USA Property Trust
- RNY Property Trust
- P-REIT
- Shopping Centres Australasia Property Group
- Stockland
- Trafalgar Corporate
- Trinity Limited
- US Masters Residential Property Fund
- Westfield Group
- Westfield Retail Trust
Hong Kong REITs and Listed Real Estate Securities
The Hong Kong REIT code was enacted in 2003. However it was not until 2005 when the first REIT in Hong Kong came into existence with the establishment of the Link REIT. Hong Kong may be home to a bevy of world class properties. But its limited land space could mean that the territory may need to look abroad for expansion into cross border REITs. The following REITs are currently listed on the Honh Kong Stock Exchange (SEHK).
- Champion REIT
- Fortune REIT
- GZI REIT
- Hui Xian REIT
- Link REIT
- Prosperity REIT
- Regal REIT
- RREEF CCT REIT
- Sunlight REIT
Japan REITs and Listed Real Estate Securities
Despite being home to Asia's largest REIT market, Japanese real estate investors experienced a generally lacklustre period this past decade. However bright sparks have emerged in recent years in the Japanese REIT landscape as rental rates and property prices start to rise while foreign players start to participate. The following REITs are currently listed on the Tokyo Stock Exchange (TSE).
- Activia Properties
- Advance Residence Investment Corporation
- Daiwa Office Investment Corporation
- Daiwa House REIT Investment Corporation
- Daiwa House Residential Investment Corporation
- Frontier Real Estate Investment Corporation
- Fukuoka REIT Corporation
- Global One Real Estate Investment Corporation
- GLP J-REIT
- Hankyu REIT
- Heiwa Real Estate REIT
- Ichigo Real Estate Investment Corporation
- Industrial & Infrastructure Fund Investment Corporation
- Invincible Investment Corporation
- Japan Excellent
- Japan Hotel REIT Investment Corporation
- Japan Logistics Fund
- Japan Prime Realty Investment Corporation
- Japan Real Estate Investment Corporation
- Japan Rental Housing Investments
- Japan Retail Fund Investment Corporation
- Kenedix Realty Investment Corporation
- Kenedix Residential Investment Corporation
- MID REIT
- Mori Hills REIT Investment Corporation
- Mori Trust Sogo REIT
- Nippon Building Fund
- Nippon Accommodations Fund
- Nomura Real Estate Office Fund
- Nomura Real Estate Residential Fund
- Orix JREIT Inc
- Premiere Investment Corporation
- Starts Proceed Investment Corporation
- Sekisui House SI Investment Corporation
- Tokyu REIT
- Top REIT
- United Urban Investment Corporation
Malaysia REITs and Listed Real Estate Securities
Malaysia once led the Asian region in its effort to embrace the REIT business model in the early 1990s. Today an increasingly affluent population with an appetite for property investments has spurred M-REIT markets to greater heights. A brief history and overview of the M-REIT market can be found here. The following REITs are currently listed on the Bursa Malaysia (MYX:1818).
- Al-Hadharah Boustead REIT
- Al-Aqar Healthcare REIT
- AmanahRaya REIT
- AmFIRST REIT
- Atrium REIT
- Axis REIT
- CapitaMalls Malaysia REIT
- Hektar REIT
- IGB REIT
- Pavilion REIT
- Quill Capita Trust
- Starhill REIT
- Sunway REIT
- Tower REIT
- UOA REIT
Singapore REITs and Listed Real Estate Securities
The first S-REIT was launched to the public in 2002. Today Singapore is home to the region's most dynamic REIT market, with the S-REIT indexes constantly triumphing regional economic indicators. A brief history and overview of the S-REIT market can be found here. The following REITs are currently listed on the Singapore Exchange (SGX:S68).
- AIMS AMP REIT
- Ascendas Hospitality Trust
- Ascendas India Trust
- Ascendas REIT
- Ascott Residence Trust
- CACHE Logistics Trust
- Cambridge Industrial Trust
- CapitaCommercial Trust
- CapitaMall Trust
- CapitaRetail China Trust
- CDL Hospitality Trusts
- Far East Hospitality Trust
- First REIT
- Fortune REIT
- Frasers Centrepoint Trust
- Frasers Commercial Trust
- K-REIT Asia
- Lippo Malls Indonesia Retail Trust
- Mapletree Commercial
- MapleTree Industrial Trust
- Mapletree Logistics Trust
- Parkway Life REIT
- Saizen REIT
- Sabana REIT
- Starhill Global REIT
- Suntec REIT
South Korea REITs and Listed Real Estate Securities
REITs were first introduced in the Korean market in 2001 to restructure the economy and revitalize a real estate market that has been been in the doldrums since the the Asian currency crisis. A unique feature of the South Korean REIT scene are securities known as the Corporate Restructuring REITs (CR-REITs) which were introduced to allow investors to participate in real estate held by corporate and financial institutions for a definite period of time while these institutions restructure. The following REITs are currently listed on the Korea Exchange (KRX).
- e-Corea REIT
- Golden Narae REIT
- K-Top REITs
- KB-Bookook REIT
- KOCREF 15 CR-REIT
- KOCREF 8
- Kwang Hee REIT
- Trus Y 7 REIT
Taiwan REITs and Listed Real Estate Securities
REITs in Taiwan began with the Real Estate Securitization Law that was passed in 2003. But the first REIT was not to list till 2005. However strict regulations and rigid investment criterion have stymied the growth of the REIT market in the territory and the past years have witnessed a dearth of REIT IPOs. On top of this, a couple of prominent REITs have been liquidated. The following REITs are currently listed on the Taiwan Stock Exchange (TSEC).
- Cathay No.1 REIT
- Cathay No.2 REIT
- Fubon No. 1 REIT
- Fubon No. 2 REIT
- Gallop No. 1 REIT
- Kee Tai Star REIT
- San Tin REIT
- Shin Kong No.1 REIT
- Trident REIT
Thailand REITs and Listed Real Estate Securities
The Securities and Exchange Commission (SEC) of Thailand approved the establishment of REITs from June 2012. However numerous listed property trusts have existed in the country prior to this. These trusts are expected to progressively convert to the REIT structure in times to come in order to enjoy the favourable tax rulings that come with it. The following Property Trusts and REITs are currently listed on the Stock Exchange of Thailand (SET).
- 101 Montri Storage Property Fund
- Baan Sansiri Property Fund
- Bangkok Commercial Property Fund
- BOA Apartment Property Fund No. 1
- Centara Hotels & Resorts Leasehold Property Fund
- Central Plaza Hotel
- CPN Retail Growth Property Fund
- Dusit Thani Freehold & Leasehold Property Fund
- Future Park Leasehold Property Fund
- Gold Property Fund
- ING Agricultural Distribution
- ING Funds
- JC Leasehold Property Fund
- Luxury Real Estate Investment Fund
- Major Cineplex Lifestyle Leasehold Property Fund
- Mercure Samui Property Fund
- Metro Star Property Fund
- MFC Property Wealth Fund
- MFC-Nichada Thani Property Fund
- MFC-Nichada Thani Property Fund 2
- MFC-Strategic Storage Fund
- MFC-WHA Premium Factory and Warehouse Property Fund
- Millionaire Property Fund
- Multi-National Residence Fund
- Prime Office Leasehold Property Fund
- Property Perfect Fund
- Quality Hospitality Leasehold Property Fund
- Quality Houses Property Fund
- Sala @Sathorn Property Fund
- Samui Airport Property Fund
- Sub Sri Thai
- T.U. Dome Residential Complex Leasehold Property Fund
- Talaad Thai Leasehold Property Fund
- Tesco Thailand REIT
- Thai Commercial Investment Fund
- Thai Industrial Property Fund 1
- Thai Retail Investment Property Fund Investment
- Ticon Property Fund
- Tpark Logistics Property Fund
- Trinity Property Fund
- UOB Apartment Property Fund No.1
- Urabana Property Fund
- Urbana Sathorn Leasehold Property Fund