Singapore (8th June 2020) – Mapletree Industrial Trust will be a constituent of the Straits Times Index (STI) starting 22nd June 2020, making it the sixth REIT constituent in the STI, SGX said in a statement.
Mapletree Industrial Trust, certified Shariah-compliant by Yasaar, will take the place of Singapore Press Holdings in the index.
Since its listing in October 2010, Mapletree Industrial Trust has generated average annualised total returns of 19% and grown its portfolio from 70 properties valued at S$2.1 billion to 114 properties valued at S$5.9 billion (including joint ventures).
This year, it has generated a total return of 8.2% through to 5th June, on a S$33.5 million of net institutional flow. This has brought Mapletree Industrial Trust’s annualised total returns since listing in October 2010 to 19.4% and has seen its market capitalisation rise from approximately S$1.7 billion on its debut, to S$6 billion at present.
Since the end of 2010, the S-REIT Sector total market capitalisation has grown from S$35 billion to approximately S$100 billion as of 5th June 2020. The same period of time has seen the number of REITs in the STI rise from one to six effective 22 June.
Quarterly STI reviews are a highly competitive process with the index maintaining a fixed number of 30 constituents. The process involves ranking stocks of the broader FTSE ST All-Share Index by market capitalisation and a stock will be inserted into the STI if it rises to 20th position or above.
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