Hi there. A couple of thoughts on SG Reits. I'm no expert but as a local punter have been investing in this space for about 10 years to provide 'safer type equity yields'. Also have found it difficult to access bonds in this market.
The more solid reits tend to have a 'parent' developer that feed developments into the reit. These include Capitaland, Mapletree and Keppel.
Attached image is a recent summary of reits from CIMB. Page has yields and other metrics that might be useful for picking.
Understandably retail, biz commercial and hospitality have been under pressure. Also many reits in 2020 have had a temporary cut back in dividends.
One good thing to note is the amount of debt reits can take on is regulated and capped about 45-50%. So they tend to be safer than most from a debt perspective.
Another good thing is SG government is doing a good job managing covid and its likely SG economy opens up quicker than most in Asia. Particularly as they role out the vaccine population wide in early 2021.
Personally I like Mapletree and Capitaland reits the most but Frasers Centerpoint Trust is interesting as is Capitaland Integrated Commercial if you don't mind retail and some biz commercial exposure.
There is a book Building wealth through REITS / Bobby Jayaraman that is a basic reference on reits and might be a useful place to start.
I don't think there is much in the residential space but a property developer... (More)