CapitaLand and Mapletree are both major Temasek-owned real estate companies with global portfolios, but they differ in their specific focus and structures. Due to their differences, the various REITs have outperformed one another at different points in time. Here, we take a look at which group has the better REITs today.
| REIT | Ticker (SGX) | Market Cap (S$’Mil) | Yield | Current P/B ratio |
Gearing Ratio | 1-Year Total Return (%) |
3-Year Total Return -annualised (%) |
| Mapletree Industrial REIT (MIT) |
ME8U | $5,504m | 7.0% | 1.1x | 40.1% | -6.2% | -2.3% |
| CapitaLand Ascendas REIT (CLAR) |
A17U | $11,661m | 5.7% | 1.2x | 38.9% | 6.4% | 4.2% |
| Mapletree Logistics Trust (MLT) |
M44U | $5,633m | 7.3% | 0.8x | 40.1% | -12.3% | -7.2% |
| Mapletree Pan Asia Commercial Trust (MPACT) |
N2IU | $6,220m | 6.8% | 0.7x | 37.7% | 3.2% | -7.6% |
| CapitaLand Integrated Commercial Trust (CICT) |
C38U | $15,293m | 5.2% | 1.0x | 38.7% | 13.2% | 3.2% |
| CapitaLand Ascott Trust (CLAS) |
HMN | $3,266m | 7.1% | 0.8x | 39.9% | 1.7% | -3.4% |
| CapitaLand China Trust (CLCT) |
AU8U | $1,201m | 8.2% | 0.6x | 42.6% | 12.0% | -8.6% |
| CapitaLand India Trust (CLINT) |
CY6U | $1,331m | 6.9% | 0.7x | 41.5% | 0.0 | 2.1% |
Source: SGX SREITs & Property Trusts Chartbook – 2Q 2025
All 5 CapitaLand REITs delivered positive total returns in the last 1 year, ranging from 0% to 13.2%. In contrast, 2 out of 3…
