Singaporean Real Estate Undervalued based on future growth

First Real Estate Investment Trust

Market Cap: S$524.7m

First Real Estate Investment Trust (“First REIT” or the “Trust”), is a healthcare real estate investment trust focused on investing in income producing real estate properties which are primarily used for healthcare and healthcare related purposes.

Sabana Industrial Real Estate Investment Trust

Market Cap: S$405.0m

Sabana Industrial REIT was listed on the SGX-ST on 26 November 2010.

Prime US REIT

Market Cap: US$176.6m

Listed on 19 July 2019 on the Main Board of the Singapore Exchange, Prime US REIT (“PRIME”) is a well-diversified real estate investment trust ("REIT") focused on stabilised income-producing office assets in the United States ("U.S.").