Singaporean Commercial Real Estate

CapitaLand Integrated Commercial Trust

Market Cap: S$15.4b

CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$14.1 billion as at 31 December 2024.

Frasers Centrepoint Trust

Market Cap: S$4.0b

Frasers Centrepoint Trust ("FCT") is a leading developer-sponsored retail real estate investment trust ("REIT") and one of the largest suburban retail mall owners in Singapore with assets under management of approximately S$6.9 billion.

CapitaLand Ascott Trust

Market Cap: S$3.3b

CapitaLand Ascott Trust (CLAS) is the largest lodging trust in Asia Pacific with an asset value of S$8.7 billion as at 31 December 2023.

Keppel REIT

Market Cap: S$3.3b

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia’s leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific’s key business districts.

Paragon REIT

Market Cap: S$2.8b

PARAGON REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in AsiaPacific, as well as real estate-related assets.

Parkway Life Real Estate Investment Trust

Market Cap: S$2.7b

Parkway Life Real Estate Investment Trust (“PLife REIT”) is one of Asia’s largest listed healthcare REITs by asset size.

Lendlease Global Commercial REIT

Market Cap: S$1.2b

Listed on 2 October 2019, Lendlease Global Commercial REIT (“LREIT”) is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally.

CapitaLand China Trust

Market Cap: S$1.2b

CapitaLand China Trust (CLCT) is Singapore’s largest China-focused real estate investment trust (REIT).

Far East Hospitality Trust

Market Cap: S$1.1b

Far East H-Trust is a Singapore-Focused Hotel and Serviced Residence Hospitality Trust listed on the Main Board of The Singapore Exchange Securities Trading Limited (“SGX-ST”).

Starhill Global Real Estate Investment Trust

Market Cap: S$1.1b

Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas.

Frasers Hospitality Trust

Market Cap: S$1.1b

FHT is a global hotel and serviced residence trust that is listed on the SGX-ST and is a stapled group comprising FH-REIT and FH-BT.

CDL Hospitality Trusts

Market Cap: S$1.0b

CDL Hospitality Trusts (“CDLHT”) is one of Asia’s leading hospitality trusts with assets under management of about S$3.3 billion as at 31 December 2023.

Sasseur Real Estate Investment Trust

Market Cap: S$869.3m

Invests in a portfolio of real estate and related assets.

First Real Estate Investment Trust

Market Cap: S$555.0m

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.

United Hampshire US Real Estate Investment Trust

Market Cap: US$286.0m

Listed on the Main Board of the Singapore Exchange on 12 March 2020, UHREIT is a Singapore real estate investment trust established with the principal investment strategy of investing in a diversified portfolio of stabilised income-producing (i) grocery-anchored and necessity-based retail properties (“Grocery & Necessity Properties”), and (ii) modern, climate-controlled self-storage facilities (“Self-Storage Properties”), located in the U.S.

IREIT Global

Market Cap: S$329.5m

IREIT Global (SGX-UD1U) which was listed on 13 August 2014, is the first Singapore-listed real estate investment trust with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe which is used primarily for office, retail and industrial (including logistics) purposes, as well as real estate-related assets.

Elite UK REIT

Market Cap: UK£181.2m

Operates as a real estate investment trust.

Keppel Pacific Oak US REIT

Market Cap: US$224.6m

Keppel Pacific Oak US REIT (KORE) is a distinctive office REIT listed on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST) on 9 November 2017.

Prime US REIT

Market Cap: US$175.3m

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.").

BHG Retail REIT

Market Cap: S$228.6m

BHG Retail REIT is the first pure-play China Retail REIT sponsored by a leading China integrated retail group.

Manulife US Real Estate Investment Trust

Market Cap: US$119.0m

Manulife US Real Estate Investment Trust (“Manulife US REIT” or “MUST”) is the first pure-play U.S.

Acrophyte Hospitality Trust

Market Cap: US$116.0m

Listed on the Singapore Exchange on 9 May 2019, ARA US Hospitality Trust is a hospitality stapled group comprising ARA US Hospitality Property Trust (“ARA H-REIT”) and ARA US Hospitality Management Trust (“ARA H-BT”).

Lippo Malls Indonesia Retail Trust

Market Cap: S$115.5m

LMIR Trust is a Singapore-based real estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes.

Dasin Retail Trust

Market Cap: S$15.4m

Dasin Retail Trust is the only China retail property trust providing direct exposure to the fastgrowing Guangdong-Hong Kong-Macau Greater Bay Area listed on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 20 January 2017.