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Press Release – For Immediate Release

“Winning in competitive times” Asia’s top REITs players honoured at the Asia Pacific Best of the Breeds REITsTM Awards 2019

30 September 2019, Singapore – Over 15 top Asian REITs players were awarded top honours at the Asia Pacific Best Of The Breeds REITs AwardsTM 2019 which ended on 26h of September 2019 at Sheraton Towers Hotel, Singapore.  Attended by senior decision makers from Asian real estate and REITs sector, this prestigious recognition event was held in conjunction with the 6th REITs Asia PacificTM Conference 2019.

In just under two decades, the Singapore REIT (S-REIT) market has transformed itself from a handful of REITs with local asset exposure to an international hub of global REIT listings. Today, over 80% of the listed S-REITs have some or all their asset exposure outside of Singapore – spanning North America, Europe, Continental Asia and Australasia.

The speakers at the 6th REITs Asia PacificTM Conference highlighted that the Malaysia REIT market has also gained prominence in recent times with the total market cap rising close to 12% this year alone and on-track to hit the RM50 billion market soon. Hong Kong market may see a new REIT listing this year.  The first in the last 5 years with China Merchants Commercial (CMC) REIT filing its preliminary prospectus.  Soon, Philippines might potentially be joining the REIT club too with Ayala Land hard at work getting the IPO off the ground.

India has already kicked-off its very first REIT and that leaves China as the last major economy without REITs as a publicly listed and tradable asset class. It has become clear the use of REITs as a vehicle has become better understood and more widely accepted around the world as an investor-friendly, tax-efficient vehicle for real estate investment. However, the landscape is becoming increasingly competitive and challenging.

Real estate and REIT investments have held up well throughout 2019 against a backdrop of political uncertainty, trade wars, rapidly declining interest rates, a slew of massive tech-unicorns IPOs and slowing economic growth among the major world economic engines. It’s evident that REITs are operating in a very dynamic environment that is evolving rapidly as disruptive technology, changing demographics, developing legislation and governance, cross-border capital flows, and globalization continue to accelerate the pace of change.

The conference ended with The Asia Pacific Best of the Breeds REITs Awards™ 2019 graced by Professor Lam Khee Poh, Dean School of Design & Environment, NUS as the Award’s ceremony guest of honour. Prof. Lam has been a faculty member of Carnegie Mellon University’s (CMU) School of Architecture since 2003. Prior to joining CMU, Prof. Lam was an academic staff at NUS Department of Architecture between 1984 and 1999 and then held a joint appointment in the Department of Architecture and the Department of Building between 2000 and 2003.

The Asia Pacific Best of the Breeds REITs Awards™ 2019 is a coveted award to recognize companies and managers with the highest standards and performance in the Asia Pacific REITs sector.  The scoring methodology is based on a number of attributes with assigned weightages to credit ratings, gearing, market cap, yield, weight asset lease expiry or WALE, quality of manager, YTD returns and DPU or Distribution per unit and the sustainability of the REIT.  This selection methodology is proprietary to this award and was constructed by the panel of judges consisting of five highly respected professionals in the financial sector namely:

Mr Tam Ging Wien, Founder of Pro Butterfly

Mr Kyith Ng, Founder of Investment Moats

Professor Roy Ling, Managing Director of RL Capital Management

Only 15 REITs out of the entire Asian REITs universe in Singapore, Malaysia and Hong Kong have qualified for this year’s Asia Pacific Best Of The Breeds REITs TM Awards.

The winners are:

The BEST OF THE BREEDS REITs AWARDSTM 2019 – OFFICE REITS (MALAYSIA)

PLATINUM – KLCCP Stapled REIT

GOLD – MRCB Quill REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – OFFICE REITS (INDIA) for more than 1 billion dollars in market capitalisation

PLATINUM – Embassy Office Parks

The BEST OF THE BREEDS REITs AWARDSTM 2019 – RETAIL REITs in Singapore for more than 1 billion dollars in market capitalization

PLATINUM – Frasers Centerpoint Trust

GOLD – Capitaland Retail China Trust

SILVER – Starhill Global REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – RETAIL REITs in Singapore for less than 1 billion dollars in market capitalisation

PLATINUM – Sasseur Reit Pte Ltd

GOLD – BHG Retail Trusts Management Ltd

 

The BEST OF THE BREEDS REITs AWARDSTM 2019 – RETAIL REITS (MALAYSIA)

PLATINUM – KLCCP Stapled REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – INDUSTRIAL REITs (Singapore) for more than 1 billion dollars in market capitalisation

PLATINUM – Cromwell European REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – INDUSTRIAL REITs (MALAYSIA)

PLATINUM – Axis REIT 

The BEST OF THE BREEDS REITs AWARDSTM 2019 – HEALTHCARE REITS (Singapore) for more than 1 billion dollars in market capitalisation

PLATINUM – Parkway Life REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – HOSPITALITY REITs (Singapore) for more than 1 billion dollars in market capitalization

PLATINUM – Ascott Residence Trust 

The BEST OF THE BREEDS REITs AWARDSTM 2019 – HYBRID (Office and Retail REIT) Singapore for more than 1 billion dollars in market capitalization

PLATINUM – OUE Commercial REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – ISLAMIC REITS (MALAYSIA)

PLATINUM – Axis REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – BEST CEO for REITs in MALAYSIA

PLATINUM – MRCB Quill REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – BEST CEO for REITs in Singapore for more than 1 billion dollars in market capitalisation

PLATINUM – Parkway Life REIT

GOLD – Cromwell European REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – BEST CEO for REITs in Singapore for less than 1 billion dollars in market capitalisation

PLATINUM – Sasseur REIT Pte Ltd

The BEST OF THE BREEDS REITs AWARDSTM 2019 – BEST CFO for REITs in Singapore for more than 1 billion dollars in market capitalisation

PLATINUM – Parkway Life REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – BEST Investor Relations for REITs in Malaysia

PLATINUM – KLCCP Stapled REIT

The BEST OF THE BREEDS REITs AWARDSTM 2019 – BEST Investor Relations for REITs in Singapore

PLATINUM – BHG Retail REIT 

GOLD – Sasseur REIT Pte Ltd

For more information please email: marketing@pinnaclegroup.global