Here are 5 Singapore REITs and Blue-Chip Stocks You Can Park Your Money in

Jadenkho
2022-12-23

Mapletree Pan Asia Commercial Trust (SGX: N2IU)

Mapletree Pan Asia Commercial Trust, or MPACT, is a retail and commercial REIT with 18 properties located in four countries.

These properties have a total net lettable area of 11 million square feet and are valued at S$17.1 billion as of 31 March 2022.

MPACT’s sponsor is Mapletree Investments Pte Ltd, a unit of Temasek Holdings.

The REIT reported a strong set of results for its fiscal 2023’s first half (1H2023) ending 30 September 2022.

Gross revenue jumped 44.9% year on year to S$353.2 million due to the merger of Mapletree Commercial Trust with Mapletree North Asia Commercial Trust.

Net property income (NPI) also increased by the same quantum to S$275.2 million.

MPACT’s distribution per unit (DPU) rose 12.5% year on year to S$0.0494, giving its units a forward distribution yield of 6%.

United Overseas Bank Ltd (SGX: U11)

United Overseas Bank, or UOB, is Singapore’s third-largest bank.

The lender reported a stellar set of earnings for its fiscal 2022’s third quarter (3Q2022).

Rising interest rates led to a 39% year on year jump in net interest income to S$2.2 billion for the quarter.

Net profit for the bank climbed 34% year on year to hit a record high of S$1.4 billion for 3Q2022.

UOB had paid out a S$0.60 interim dividend earlier this year and a final dividend of S$0.60 last year, bringing its trailing 12-month dividend to S$1.20.

At a share price of S$31, the bank’s shares offer a trailing dividend yield of 3.9%.

Looking ahead, interest rates look poised to rise further and will boost the bank’s net interest income heading into FY2023.

Frasers Centrepoint Trust (SGX: J69U)

Frasers Centrepoint Trust, or FCT, is a retail REIT that owns nine retail malls and an office building with assets under management (AUM) of around S$6.2 billion as of 30 September 2022 (FY2022).

FCT reported an upbeat set of earnings for FY2022, with gross revenue up 4.6% year on year to S$356.9 million.

NPI rose 4.9% year on year to S$258.6 million while DPU inched up 1.2% year on year to S$0.12227.

The retail REIT’s units offer a trailing distribution yield of 6%.

FCT has a strong sponsor in Frasers Property Limited (SGX: TQ5) and its suburban malls should also prove resilient during a downturn.

Venture Corporation Limited (SGX: V03)

Venture Corporation is a provider of technology products, services and solutions with a portfolio of more than 5,000 products and solutions.

For the first nine months of 2022 (9M2022), Venture reported a 28% year on year jump in revenue to S$2.8 billion.

Net profit climbed 25% year on year to S$271.7 million.

The group paid out a final dividend of S$0.50 in FY2021 and an interim dividend of S$0.25 for 1H2022, bringing its trailing 12-month dividend to S$0.75.

Shares of Venture Corporation provide a trailing dividend yield of 4.4%.

Looking ahead, the technology company warned that its science and technology market segments may come under pressure should geopolitical tensions and other headwinds persist.

CapitaLand China Trust (SGX: AU8U)

CapitaLand China Trust, or CLCT, is a China-focused REIT with 11 shopping malls, five business park properties and four logistics park properties.

CLCT has a strong sponsor in CapitaLand Investment Limited (SGX: 9CI) and its portfolio is spread out across 12 Chinese cities.

The REIT reported continued high occupancy of 94% and above across all its assets for its 3Q2022 business update.

Gross revenue rose 7% year on year to RMB 1.4 billion while NPI improved by 7.5% year on year to RMB 970.8 million.

Both its retail and new economy assets also enjoyed positive rental reversion of 4.9% and 5.6% for 3Q2022, respectively.

CLCT paid out a trailing 12-month DPU of S$0.086, giving its units a trailing distribution yield of 7.7%.

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