Asia REITs have historically delivered a consistent dividend income. Out of the 11.3%1 annualised total return registered during the period of 2009 to November 2022, around 50% was contributed by dividend.
Asia REITs dividend return vs price return (%)
REITs benefit from Asset Enhancement Initiatives, which can help to further increase property values and maintain sustainable rental income.
Active tenancy management can further increase occupancy rates.
Long-term development strategies, such as mergers and acquisitions, can further drive potential returns.
Major Asia Pacific REIT markets currently offer relatively attractive yields compared to other yield-oriented securities.
Yield comparison vs Equity/Government Bond (%)2
Inflation that is a result of economic growth tends to translate into greater demand for real estate and subsequent higher occupancy rates, supporting growth in REIT cash flow and dividends.
Over the past decade, Asia REITs have delivered higher dividend return on average compared to inflation of major REIT markets.
Asia REITs dividend return outpaced inflation (%)3
With the aim to achieve stable income and capital appreciation, the Fund remains diversified across secular growth sectors (industrial/specialised REITs), operational recovery plays (retail/office/hospitality REITs) and potential alpha generation (non-REIT real estate stocks).
For illustrative purpose only. Above allocation does not represent actual portfolio allocation.
The Fund predominantly invests in REITs in Singapore, Hong Kong and Australia as they offer relatively higher and stable dividend yields.
Illustrative market allocation5
(The distribution yield is not guaranteed. Distribution may be paid out of capital. Refer to Important Note 2)
*Applicable to monthly distribution share classes only.
years of experience in property investments,
and assets and property management
USD 143.9 billion
assets under management and administration in Asia7
professionals based in Asia8
The Fund is authorised by the Securities and Futures Commission of Hong Kong (“SFC”). SFC’s authorisation of the fund is not made under the Code on Real Estate Investment Trust and does not imply official recommendation.