An airport real estate investment trust secured on the rental income of the first three Changi terminals could command market capitalisation near $10b, according to a report by Maybank Kim Eng .
An airport REIT could therefore help increase the representation and weight of “pure play” Singapore companies on the Strait Times Index , they added, citing that such a REIT may help satisfy yield-hungry institutional and retail investors. “An airport REIT will help broaden and complement the current diversity of REIT and business trusts offered on the Singapore exchange. This could help catalyze Singapore’s efforts to be an infrastructure financing hub,” Chua and Lee added.
In terms of absolute change, the report highlighted that fiscal assets grew by $90.4b or 9.1% over the previous fiscal year.
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