Retail play in China — which REIT to focus on?

As of Sep 2020, there are 4 REITs / Business Trust that focus on retail play in China. Dasin Retail Trust is highly focused in the Greater Bay Area, while the other three are spread out among Tiers 1 and 2 Chinese cities. REIT / Business Trust No. of properties Valuation(RMB $bil) Valuation(S$bil) CapitaLand Retail

Frasers Hospitality Trust (ACV)

As at 2020 Third Quarter Financial Results (6 Aug 2020) Frasers Hospitality Trust (FHT) is the first global hotel and serviced residence trust to be listed on the Singapore Exchange, on 14 Jul 2014. It has ownership/interest in 15 properties in Singapore, comprising 9 hotels and 6 serviced residences, worth S$2.35 billion as at 31

Dasin Retail Trust (CEDU)

As at 2020 Second Quarter Financial Results (13 Aug 2020) Dasin Retail Trust is the first and only China retail property trust providing direct exposure to the Guangdong-HongKong-Macau Greater Bay Area, listed on 20 Jan 2017. It has ownership/interest in 5 properties worth S$1.8 billion (RMB 9.05 billion) as at 30 Jun 2020. The Trust

BHG Retail REIT (BMGU)

As at 2020 Second Quarter Financial Results (7 Aug 2020) BHG Retail REIT is the first pure-play China retail REIT sponsored by an established PRC homegrown retail property operator (Beijing Hualian Department Store Co), listed on 11 Dec 2015. It has ownership/interest in 6 properties worth S$0.93 billion (RMB 4.7 billion) as at 30 Jun

Sasseur REIT (CRPU)

As at 2020 Second Quarter Financial Results (14 Aug 2020) Sasseur REIT is the first listed outlet mall REIT in Asia, listed on 28 Mar 2018. It has ownership/interest in 4 properties worth S$1.6 billion (RMB 8.2 billion) as at 30 Jun 2020. Gross rental income (by sector) Percentage Fashion 39.7% International Brands 21.3% Sports