Thailand has highest REIT yields in ASEAN

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REITReal Estate Investment Trusts (REITs) incorporated in Thailand had the highest average dividend yield in ASEAN in the first half of 2012, a new study by property broker CBRE Group shows.

According to the research, Thailand’s REITS returned an average of 7.6 per cent as opposed to Singapore REITs with an average of 6.4 per cent and Malaysian REITs with 5.9 per cent average yield before tax.

Thailand also had the largest number of listed REITs in entire East Asia, the study shows. Currently. 38 REITs are listed in Thailand, 26 in Singapore and 15 in Malaysia, CBRE says.

However, in terms of asset value or market capitalisation Singapore by far takes the lead. Singapore REITs account for a market cap of $33.3 billion, closely behind Japan with a REITs market cap of $45 billion.

CBRE stated that REITs in Asia have experienced a buying spree as most of them have outperformed the broader stock market and delivered steady revenue growth and high dividend yields over the past few years.

In the first half, Singapore REITs were the second-most active purchasers after Japan in Asia, buying assets in Australia, China, Japan, Malaysia and South Korea, and accounting for 33 percent of acquisitions by the region’s REITs since 2009, CBRE said.

The REIT market in the Asia-Pacific region is worth $205 billion, more than before the global financial crisis, according to the Asia Pacific Real Estate Association. European REITs are below the levels before the crisis, while North America, the world’s largest REIT market, has seen assets climb 82 pe rcent from December 2007.

The largest REITs market in Asia-Pacific is Australia with a current market capitalisation of $86 billion.

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Reading Time: 2 minutes

Real Estate Investment Trusts (REITs) incorporated in Thailand had the highest average dividend yield in ASEAN in the first half of 2012, a new study by property broker CBRE Group shows.

Reading Time: 2 minutes

REITReal Estate Investment Trusts (REITs) incorporated in Thailand had the highest average dividend yield in ASEAN in the first half of 2012, a new study by property broker CBRE Group shows.

According to the research, Thailand’s REITS returned an average of 7.6 per cent as opposed to Singapore REITs with an average of 6.4 per cent and Malaysian REITs with 5.9 per cent average yield before tax.

Thailand also had the largest number of listed REITs in entire East Asia, the study shows. Currently. 38 REITs are listed in Thailand, 26 in Singapore and 15 in Malaysia, CBRE says.

However, in terms of asset value or market capitalisation Singapore by far takes the lead. Singapore REITs account for a market cap of $33.3 billion, closely behind Japan with a REITs market cap of $45 billion.

CBRE stated that REITs in Asia have experienced a buying spree as most of them have outperformed the broader stock market and delivered steady revenue growth and high dividend yields over the past few years.

In the first half, Singapore REITs were the second-most active purchasers after Japan in Asia, buying assets in Australia, China, Japan, Malaysia and South Korea, and accounting for 33 percent of acquisitions by the region’s REITs since 2009, CBRE said.

The REIT market in the Asia-Pacific region is worth $205 billion, more than before the global financial crisis, according to the Asia Pacific Real Estate Association. European REITs are below the levels before the crisis, while North America, the world’s largest REIT market, has seen assets climb 82 pe rcent from December 2007.

The largest REITs market in Asia-Pacific is Australia with a current market capitalisation of $86 billion.

Click to enlarge
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