Asian REITs at a Discount to NAV
REITs where the traded price is below the latest reported NAV per share. A discount doesn't automatically mean cheap — the market often prices in rising rates, property vacancy, or leverage — but it's the natural first screen for value-oriented REIT investors.
| Ticker | REIT | Country | Sector | Yield | NAV ± | Safety | Aristocrat |
|---|---|---|---|---|---|---|---|
| 1881.HK | Regal REIT | Hong Kong | Hospitality | +2.38% | -90.51% | 25 | — |
| 5111.KL | AmanahRaya-JMF Asset | Malaysia | Diversified | +4.36% | -85.45% | 25 | — |
| 0405.HK | Yuexiu REIT | Hong Kong | Diversified | +7.63% | -75.67% | 0 | 21y |
| 5120.KL | Amanahraya REIT | Malaysia | Diversified | +8.90% | -74.02% | 25 | — |
| 5127.KL | KLCC Property & REITs | Malaysia | Office | +2.00% | -69.22% | 0 | 19y |
| 8972.T | KDX Realty Investment | Japan | Office | +4.98% | -68.76% | 0 | — |
| 0435.HK | Sunlight REIT | Hong Kong | Office | +8.02% | -67.86% | 0 | 19y |
| 8952.T | Japan Real Estate Investment | Japan | Office | +4.17% | -67.47% | 0 | ✓ 21y |
| OXMU.SI | Manulife US REIT | Singapore | Office | +3.98% | -65.71% | 25 | 7y |
| 8951.T | Nippon Building Fund (REIT) | Japan | Office | +3.63% | -64.77% | 0 | — |
| 0808.HK | Prosperity REIT | Hong Kong | Office | +7.99% | -64.27% | 0 | 19y |
| 2778.HK | Champion REIT | Hong Kong | Office | +5.33% | -63.43% | 0 | 19y |
| 8955.T | Japan Prime Realty Investment | Japan | Office | +4.24% | -62.51% | 25 | — |
| 0778.HK | Fortune REIT | Hong Kong | Retail | +6.99% | -60.72% | 0 | 17y |
| ALLY.BK | Ally Global Property Fund | Thailand | Diversified | +10.00% | -54.98% | 25 | 7y |
| UD1U.SI | IREIT Global | Singapore | Office | +6.77% | -52.15% | 0 | 12y |
| 8984.T | Daiwa House REIT Investment | Japan | Logistics | +3.97% | -41.62% | 0 | 17y |
| 5109.KL | Sunway REIT | Malaysia | Diversified | +6.10% | -41.25% | 0 | 19y |
| J85.SI | CDL Hospitality Trusts | Singapore | Hospitality | +5.75% | -41.09% | 0 | 19y |
| 8961.T | MORI TRUST Sogo REIT | Japan | Office | +4.83% | -38.85% | 25 | 21y |
| 5123.KL | Hektar REIT | Malaysia | Retail | +8.60% | -37.50% | 0 | 16y |
| 0823.HK | Link REIT | Hong Kong | Retail | +6.87% | -37.37% | 25 | — |
| 5180.KL | CapitaLand Malaysia Trust | Malaysia | Retail | +7.87% | -36.19% | 25 | ✓ 16y |
| GVREIT.BK | Golden Ventures REIT | Thailand | Office | +10.89% | -35.64% | 0 | 11y |
| TS0U.SI | OUE REIT | Singapore | Diversified | +6.11% | -34.82% | 0 | 13y |
| Q5T.SI | Cromwell European REIT | Singapore | Office | +6.27% | -32.95% | 0 | ✓ 14y |
| K71U.SI | Keppel REIT | Singapore | Office | +5.68% | -27.90% | 25 | 19y |
| 8953.T | Japan Retail Fund Investment | Japan | Retail | +4.89% | -27.56% | 0 | ✓ 21y |
| T82U.SI | Suntec REIT | Singapore | Diversified | +5.64% | -26.51% | 0 | 20y |
| P40U.SI | Starhill Global REIT | Singapore | Retail | +6.43% | -22.65% | 25 | 19y |
| HMN.SI | CapitaLand Ascott Trust | Singapore | Hospitality | +6.67% | -22.09% | 25 | 19y |
| 8954.T | ORIX JREIT | Japan | Diversified | +4.61% | -20.18% | 0 | 21y |
| N2IU.SI | Mapletree Pan Asia Commercial Trust | Singapore | Office | +5.69% | -19.57% | 25 | 16y |
| CRPU.SI | Sasseur REIT | Singapore | Retail | +9.23% | -16.67% | 0 | 9y |
| F34.SI | Wilmar International | Singapore | Hospitality | +3.65% | -12.38% | 25 | — |
| BUOU.SI | Frasers Logistics & Commercial Trust | Singapore | Logistics | +6.10% | -11.76% | 0 | — |
| 5130.KL | Axis REIT | Malaysia | Industrial | +5.79% | -9.16% | 0 | 19y |
| AIMIRT.BK | AIM Industrial Growth REIT | Thailand | Industrial | +7.26% | -8.61% | 0 | 9y |
| M1GU.SI | Sabana Industrial REIT | Singapore | Industrial | +7.55% | -7.97% | 25 | 16y |
| 3269.T | Advance Residence (REIT) | Japan | Residential | +3.90% | -1.84% | 0 | ✓ 16y |
| 5116.KL | Al-'Aqar Healthcare REIT | Malaysia | Healthcare | +6.00% | -1.60% | 0 | 20y |
| M44U.SI | Mapletree Logistics Trust | Singapore | Logistics | +5.92% | -1.34% | 0 | 19y |
| LHHOTEL.BK | LH Hotel REIT | Thailand | Hospitality | +9.61% | -0.14% | 25 | 5y |