David Gerald, president of the Securities Investment Association, said: "Unlike traditional annual report study or webinar, this allows investors to inspect physical assets on the spot, talk directly with management, ask questions and answer qu...
David Gerald, president of the Securities Investment Association, said: "Unlike traditional annual report study or webinar, this allows investors to inspect physical assets on the spot, talk directly with management, ask questions and answer questions at any time, and deeply understand the core values of REIT. At the same time, investors also need to fully understand and evaluate various risk elements in REIT investment."
Huang Yaolong said: "Privatization itself is not a problem, it is an important part of the process of restructuring and releasing value."
Secondly, the Singapore Securities Investors Association (SIAS), the Singapore Real Estate Investment Trust Association (REITAS), the Singapore Stock Exchange and the Singapore Securities Association (SEC) jointly launched a series of educational activities called "REITs on the Move", with a total of 12 REITs participating, including AIMS APAC REIT, CapitaLand Ascendas REIT, ESR-REIT, Frasers Centrepoint Trust, etc.
He said that these emerging areas of REIT give investors the opportunity to grasp the following trends: back to office work, the rise of artificial intelligence, and the ever-evolving consumption model.
So it may not be surprising that some REITs are being privatized, such as Paragon REIT and Frasers Hospitality Trust.
Huang Yaolong announced the introduction of two measures to strengthen REIT investors' education and participation.
The Singapore Exchange's real estate investment trust (REIT) has a good pipeline of initial public offerings, especially emerging fields such as data centers, dedicated living spaces and logistics, and REIT is preparing to go public.
SGX's stock department head Huang Yaolong pointed out this point in his speech at the REITs Symposium on Saturday (May 24).
Huang Yaolong said that the SGX is committed to ensuring that Singapore remains the preferred listing place for REIT in the world. In the past five years, the scale of REIT financing on the SGX has jumped to third in the world, second only to China and India.
In the next six months, more than 300 investors, brokers and investment professionals can visit these REIT assets and talk directly to REIT management companies to learn about the assets they invest in.
First, SGX joined forces with investor relations company Alphainvest to launch the InvestSG community platform, allowing investors to join an online community focusing on the Singapore securities market. The platform provides investment decision-making tools, community leader investment portfolio solutions, educational resources and social investment functions, allowing investors to interact and learn.
REIT low valuation offers opportunitiesOn the other hand, Huang Yaolong said in his speech that the REIT industry faces some challenges, not only from the long-term high interest rate environment. Singapore's REIT industry is currently at a cyclical low, with a price-to-book ratio (P/B) of 0.8 times, which is equivalent to a discount of about 20%, and a forward-looking dividend yield of 6%.
Singapore's REIT market has received its first REIT that only contains local assets more than 20 years ago, with a total market value of about 90 billion yuan. This makes Singapore the largest REIT market with market value outside Japan and one of the most internationalized markets - more than 80% of Singapore REITs hold overseas assets in Asia Pacific, Europe and the United States.
He pointed out that low valuations mean opportunities for investors who are willing to dig deeper. Investors with unique vision tend to choose REITs with stable fundamentals and well-managed management. This should also incentivize REIT sponsors and management companies to further optimize asset income management and improve capital structure.
