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 | +7.84% | -76.30% | 0 | 21y |
| 5120.KL | Amanahraya REIT | Malaysia | Diversified | +8.61% | -74.02% | 25 | — |
| 8972.T | KDX Realty Investment | Japan | Office | +5.01% | -68.98% | 0 | — |
| 0435.HK | Sunlight REIT | Hong Kong | Office | +7.95% | -68.01% | 0 | 19y |
| 8952.T | Japan Real Estate Investment | Japan | Office | +4.16% | -67.61% | 0 | ✓ 21y |
| 5127.KL | KLCC Property & REITs | Malaysia | Office | +1.83% | -66.03% | 0 | 19y |
| OXMU.SI | Manulife US REIT | Singapore | Office | +3.98% | -65.71% | 25 | 7y |
| 8951.T | Nippon Building Fund (REIT) | Japan | Office | +3.62% | -64.96% | 0 | — |
| 0808.HK | Prosperity REIT | Hong Kong | Office | +7.93% | -64.02% | 0 | 19y |
| 2778.HK | Champion REIT | Hong Kong | Office | +5.28% | -63.43% | 0 | 19y |
| 8955.T | Japan Prime Realty Investment | Japan | Office | +4.23% | -62.81% | 25 | — |
| 0778.HK | Fortune REIT | Hong Kong | Retail | +6.96% | -60.64% | 0 | 17y |
| ALLY.BK | Ally Global Property Fund | Thailand | Diversified | +9.91% | -54.58% | 25 | 7y |
| UD1U.SI | IREIT Global | Singapore | Office | +6.77% | -52.15% | 0 | 12y |
| 8984.T | Daiwa House REIT Investment | Japan | Logistics | +4.05% | -43.37% | 0 | 17y |
| 5109.KL | Sunway REIT | Malaysia | Diversified | +6.10% | -41.25% | 0 | 19y |
| J85.SI | CDL Hospitality Trusts | Singapore | Hospitality | +5.75% | -40.74% | 0 | 19y |
| 8961.T | MORI TRUST Sogo REIT | Japan | Office | +4.85% | -39.43% | 25 | 21y |
| 5123.KL | Hektar REIT | Malaysia | Retail | +8.60% | -37.94% | 0 | 16y |
| 0823.HK | Link REIT | Hong Kong | Retail | +6.84% | -37.21% | 25 | — |
| 5180.KL | CapitaLand Malaysia Trust | Malaysia | Retail | +7.93% | -36.19% | 25 | ✓ 16y |
| GVREIT.BK | Golden Ventures REIT | Thailand | Office | +10.81% | -35.15% | 0 | 11y |
| TS0U.SI | OUE REIT | Singapore | Diversified | +6.03% | -34.82% | 0 | 13y |
| Q5T.SI | Cromwell European REIT | Singapore | Office | +6.22% | -32.39% | 0 | ✓ 14y |
| K71U.SI | Keppel REIT | Singapore | Office | +5.74% | -30.25% | 25 | 19y |
| 8953.T | Japan Retail Fund Investment | Japan | Retail | +5.04% | -29.78% | 0 | ✓ 21y |
| T82U.SI | Suntec REIT | Singapore | Diversified | +5.57% | -27.00% | 0 | 20y |
| P40U.SI | Starhill Global REIT | Singapore | Retail | +6.43% | -23.34% | 25 | 19y |
| HMN.SI | CapitaLand Ascott Trust | Singapore | Hospitality | +6.67% | -22.09% | 25 | 19y |
| 8954.T | ORIX JREIT | Japan | Diversified | +4.83% | -22.08% | 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% | -16.04% | 0 | 9y |
| F34.SI | Wilmar International | Singapore | Hospitality | +3.58% | -12.38% | 25 | — |
| BUOU.SI | Frasers Logistics & Commercial Trust | Singapore | Logistics | +6.04% | -10.41% | 0 | — |
| M1GU.SI | Sabana Industrial REIT | Singapore | Industrial | +7.55% | -8.92% | 25 | 16y |
| AIMIRT.BK | AIM Industrial Growth REIT | Thailand | Industrial | +7.19% | -7.80% | 0 | 9y |
| 5130.KL | Axis REIT | Malaysia | Industrial | +5.70% | -7.71% | 0 | 19y |
| 3269.T | Advance Residence (REIT) | Japan | Residential | +3.90% | -2.80% | 0 | ✓ 16y |
| M44U.SI | Mapletree Logistics Trust | Singapore | Logistics | +5.83% | -1.34% | 0 | 19y |
| LHHOTEL.BK | LH Hotel REIT | Thailand | Hospitality | +9.69% | -0.91% | 25 | 5y |
| 5116.KL | Al-'Aqar Healthcare REIT | Malaysia | Healthcare | +6.05% | -0.80% | 0 | 20y |