Since its IPO, the fund’s dividends have remained stable, says Wang, maintaining annual dividends at around 4 to 6 cents. The annual dividend stands at 4.7 cents currently.
PhillipCapital analyst Helena Wang has initiated “accumulate” on NikkoAM-StraitsTrading Asia ex Japan REIT ETF (AXJREITS) with a target price of 82 cents, emphasising the exchange-traded fund’s (ETF) position as the largest listed REIT ETF in Singapore.
AXJREITS provides exposure to 44 REITs across the Asia ex-Japan region and is the only REIT ETF in Singapore that pays dividends quarterly. Established in 2017, AXJREITS has a market cap of $350 million — the largest among the five REITs ETFs in Singapore.
