Which industrial reit would you choose? MapleTree Industrial Trust or Ascendas REIT?

Mapletree Industrial Trust (MIT) @ 2.14 Price

• P/B ratio = 1.42
• Distribution Yield = 5.68%
• Gearing = 33.8%

Ascendas REIT @ 2.97 Price

• P/B Ratio = 1.39
• Distribution Yield = 5.40%
• Gearing = 36.3%

Overall MIT is a better pick, due to a slightly higher distribution yield and lower gearing, but right now it is pretty expensive @ 1.42 PB ratio, so maybe wait for it to drop in price before picking it up?

Hi, I actually analysed Mapletree Industrial Trust and Ascendas Reit in January 2019.

Before analysing both REITS, I always felt that both are equally good. However, I feel that AREIT is far more superior that MIT in almost all the categories that I compared. I would still choose AREIT over MIT but there is no harm in buying MIT. If I have spare cash, I would buy MIT too if I want to own as many industrial buildings in Singapore.