, Singapore

Top three office REITs' total YTD return averaged 27.6%

Mapletree Commercial Trust had the highest total return at 29.9%.

Mapletree Commercial Trust (MCT), CapitaLand Commercial Trust (CCT) and Frasers Commercial Trust (FCT) have been identified to be the best-performing REITs with Singapore office assets after hitting an average total return of 27.6% YTD, according to a note from SGX.

The total returns of MCT, CCT and FCT hit 29.9%, 26.9% and 26%, respectively. Together, the three firms’ reached an average a 12-month dividend indicated yield of 4.7%.

Also read: REITs and tech firms drive Singapore's M&A frenzy

Overall, there are 34 listed REITs in the stock exchange. Ten of them are engaged in the acquisition, development, ownership, leasing, management and operation of office properties located in Asia-Pacific, Europe and the US with a market cap of more than $30b.

S-REITs emerged as the top net buy sector in the first six months of 2019, drawing net institutional inflows of $396.3m over the period. CCT topped the institutional net buy list in June, drawing inflows of $58.6m. 

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