trending Market Intelligence /marketintelligence/en/news-insights/trending/lezkq9vlb_x4l4rmfaa-2a2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Asia-Pacific REITs trade at higher price/NAV multiples than non-REITs

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Asia-Pacific REITs trade at higher price/NAV multiples than non-REITs

Asia-Pacific real estate companies that have elected the real estate investment trust tax status traded at a higher price-to-net asset value ratio as of Oct. 3 than did non-REITs, on a median basis, according to an S&P Global Market Intelligence analysis comparing current stock prices to consensus NAV-per-share estimates for SNL-covered companies.

Asia-Pacific real estate companies as a whole traded at a median 21.4% discount to NAV as of Oct. 3. The group that has elected REIT status traded at a median 0.6% premium to their consensus NAV estimates, marking a 22-percentage-point difference from the group of companies that has not adopted the status. REITs headquartered in Japan traded at the largest premium to NAV, at 3.7%, while Australia-based REITs traded at a 0.5% premium and Singapore-based REITs traded at a 2.4% discount to NAV.

Among the 10 Asia-Pacific real estate companies trading at the widest premium to NAV, nine are REITs. China-based residential and commercial property developer Jiayuan International Group is the sole non-REIT in the top 10, trading at a 30.2% premium to its consensus NAV estimate as of Oct. 3.

At the other end of the spectrum, all 10 Asia-Pacific real estate companies that traded at the deepest discount to their consensus NAV estimate were not REITs.

SNL Image

SNL Image

Did you enjoy this analysis? Click here to set email alerts for future real estate Data Dispatch articles.

For further analysis, try S&P Global Market Intelligence's Global NAV Analysis template. Other templates are also available in the Excel Template Library.