Singapore REITs Daily Radar: REITs Dip, FLCT 6.6% Yield | Nov 13, 2026

The FTSE ST All-Share Real Estate REITs Index fell 0.40% to 657.150, a gentler slide than the Straits Times Index, which fell 0.96% to 5,231.84. Underneath the index the tape was split — 13 advancers, 14 decliners and 12 unchanged across the 39 S-REITs, for an equal-weighted average gain of 0.16%. Turnover across the 30 SGD-traded S-REITs was S$208.1M, 0.64x the 20-day average of S$327.6M, and the session was concentrated: CapitaLand Ascendas REIT (A17U) accounted for S$74.5M, or 35.8%, of that turnover. Sub-sector direction was muddled: data-centre and industrial counters finished mixed, while the large office-and-retail landlords weighed on the index.

Fund Flows

CapitaLand Ascendas REIT was the story: its S$19.05M net inflow made up 98% of the S$19.40M aggregate across the 30 SGD-traded S-REITs, where 16 counters drew net inflows against 14 net outflows. Across the full 39-counter universe, 21 counters recorded net inflows against 18 net outflows. Frasers Centrepoint Trust (J69U) was next at S$1.94M. The heaviest outflows were CapitaLand India Trust (CY6U) at S$2.04M, Suntec REIT (T82U) at S$1.38M and Mapletree Pan Asia Commercial Trust (N2IU) at S$1.20M. Positioning was single-name-driven rather than spread across the sector.

Price Action

CapitaLand India Trust was the day's most notable mover, easing 1.64% to S$0.900 on S$3.5M of turnover, 0.8x its 20-day average — below-average volume that reads as a drift rather than a decisive sell-down. No company announcement accompanied the move. NTT DC REIT (NTDU) added 1.61% on 1.1x average turnover, while Mapletree Industrial Trust (ME8U) slipped 1.16% on S$8.7M, 0.5x its average. Keppel DC REIT (AJBU) eased 0.46% on S$13.1M, 0.5x its average, and Frasers Centrepoint Trust rose 0.47% on S$7.7M, 0.4x its average.

Announcements

No corporate actions were filed today. Commentary on OUE REIT (TS0U) weighed whether its Sydney acquisition can unlock more value for unitholders.

Distribution Watch

Two counters go ex-distribution on Nov 18. Frasers Logistics & Commercial Trust (BUOU) leads with a 6.63% indicative trailing yield, built on a S$0.0590 trailing 12-month distribution; its per-unit amount for this payout has not been fully declared, and unitholders on record are paid on Dec 23. NTT DC REIT goes ex the same day with a 5.88% indicative trailing yield, built on a USD 0.0556 trailing 12-month distribution, payable Dec 18; its per-unit amount has also not been fully declared. Frasers Logistics & Commercial Trust carries the higher of the two yields.

Prices reflect the SGX close on Nov 13, 2026 (SGT). Yields shown are indicative and based on trailing 12-month distributions. This content is for informational purposes only and does not constitute investment advice.