【环球财经】新交所报告：新加坡房地产信托市场市值超千亿新元 平均派息收益率达6.2%

Core Insights - The report from Singapore Exchange (SGX Group) indicates that the SREITs and real estate trust market in Singapore is maintaining robust development as of September 30, 2025 [1] Group 1: Market Overview - As of September 30, 2025, there are 41 SREITs and real estate trusts in Singapore, with a total market capitalization of SGD 101 billion, accounting for approximately 10% of the total market capitalization of listed stocks in Singapore [1] - The average distribution yield for SREITs over the past 12 months is 6.2%, which is significantly higher than the Straits Times Index (STI Index) yield of 4.8%, the Monetary Authority of Singapore's 10-year government bond benchmark yield of 1.9%, and the core inflation rate of 0.4% as of September 2025 [1] Group 2: Financial Health - The average gearing ratio for SREITs is 40%, which is below the regulatory limit of 50%, indicating a stable overall financial condition in the market [4] Group 3: Asset Diversification - The SREITs market demonstrates a high level of internationalization and diversification, with over 85% (35 trusts) holding overseas assets. The largest asset class is diversified REITs at 26%, followed by industrial REITs at 18% and retail REITs at 16% [4] Group 4: Investment Trends - The report highlights a divergence in investment strategies between institutional and retail investors, with institutional investors showing a net selling trend while retail investors exhibit a net buying trend [4]