SINGAPORE (June 9): SPH Real Estate Investment Trust (REIT) has the lowest gearing level of 25.7% among the 27 Singapore-listed REITs and six stapled trusts in the March quarter, a Singapore Exchange survey shows.

Mapletree Industrial Trust, Frasers Centrepoint Trust, CapitaLand Retail China and BHG Retail REIT all have gearing levels of below 30%.

Starhill Global REIT has the highest percentage of borrowings that are hedged or at fixed rates. All of its borrowings are hedged or at fixed rate.

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