Small-and-Medium Market Cap S-REITs top gainers of 1H 2021

Halfway through the year, how has the S-REIT market performed in 1H 2021? Below is the table of the Top 10 gainers in S-REITs, sorted by order of ranking. This table is taken from the StocksCafe REIT screener.

Top 10 YTD performers. Data taken from the StocksCafe REIT screener.

Below are the charts of each of the Top 10 performers in the S-REIT market. The 10 S-REITs in this list gained an average of 23.09% YTD.

Charts of the Top 10 YTD S-REIT performers. Data taken from ShareInvestor.

Observations

  • Small and Medium Market Cap REITs outperformed Big Market Cap REITs.

With the exception of ParkwayLife REIT, 9 of the top 10 performing REITs have market capitalisations of $2.2B and below. The 10 S-REITs in this list gained an average of 23.09% YTD, while the 5 largest market cap REITs gained an average of only 1.67%See below for more charts.

  • Sector breakdown

Of the 10 REITs, 3 are Industrial REITS (AIMS APAC REIT, ARA LOGOS Log Trust and Sabana REIT), 1 is a hospitality REIT (ARA Hospitality Trust), 1 is a healthcare REIT (ParkwayLife REIT), 2 are Office/Retail REITs (Starhill Global REIT and Lendlease REIT), 1 is a retail REIT (Sasseur REIT), 1 is an office REIT (Keppel Pacific Oak REIT), and 1 is a diversified REIT (OUE Commercial REIT).

Below are the charts of each of the 5 largest market cap S-REITs, followed by a ‘heatmap’ chart Year-To-Date.

Charts of the 5 Largest Market Capitalisation S-REITs. Data taken from ShareInvestor.
 
A performance heatmap of the 39 S-REITs Year-To-Date. Data taken from the StocksCafe REIT screener

An interesting observation is that the 4 top performing S-REITs of 1H 2020 are only average performers for 1H 2021. Furthermore, generally poor-performing S-REITs in 1H 2020 performed well in 1H 2021.

Kenny Loh is a Senior Consultant and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments, Digital Assets and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also invited speaker of REITs Symposium and Invest Fair. 

You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement

Leave a Reply