Singapore REITs have been actively raising funds in 2026, with several of the largest REITs tapping investors for fresh capital to acquire properties and expand their portfolios.
According to a Singapore Exchange (SGX) market update, Singapore-listed REITs (S-REITs) raised at least S$4.5 billion through equity fundraising exercises in 2026 thus far. This exceeded the amount raised during the corresponding period in 2025, which was already the strongest year for REIT fundraising since 2021.
For investors, equity fundraising matters because REITs typically raise capital by issuing new units. This allows them to acquire additional properties without relying entirely on borrowings. However, issuing new units also means that existing unitholders will own a smaller percentage of the REIT unless they participate proportionately in the fundraising.
Ultimately, what matters is whether the additional rental income generated from the new properties can translate into higher distributions per unit (DPU) for investors.
In this week’s edition of 4 Stocks This Week, we look at four Singapore-listed REITs that have raised substantial capital in 2026 to expand their property portfolios.
#1 Keppel REIT (SGX: K71U)
Keppel REIT was among the first major S-REITs to undertake a substantial fundraising exercise in 2026, raising S$886 million through a preferential offering in January.
The exercise allowed existing unitholders to subscribe for 23 new units for every 100 existing units held. The proceeds were used to acquire an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3, one of Singapore’s prominent Grade A office buildings.
Following the acquisition, Keppel REIT’s portfolio value increased from S$9.8 billion to S$11.2 billion. Its Singapore exposure also increased from 75.8% to 79.0%, giving the REIT greater exposure to the local prime office market. This also means that the REIT’s performance will be more closely tied to rental demand and occupancy conditions in this market.
#2 CapitaLand Integrated Commercial Trust (SGX: C38U)
CapitaLand Integrated Commercial Trust (CICT), one of Singapore’s largest commercial REITs, also tapped the equity market in April 2026.
The REIT raised S$750 million through a private placement to partially finance its proposed acquisition of a 100% interest in Paragon, the shopping mall and office development along Orchard Road.
The fundraising exercise was initially targeted at S$600 million but was subsequently increased to S$750 million. Even after the offering was enlarged, investor demand was strong, with the placement attracting subscriptions equivalent to 4.8 times the amount offered. Unlike a preferential offering, a private placement typically involves issuing new units to selected investors, such as institutional investors, rather than offering them proportionately to all existing unitholders.
For CICT, acquiring Paragon offers an opportunity to expand its retail portfolio through an established Orchard Road property.
#3 CapitaLand Ascendas REIT (SGX: A17U)
CapitaLand Ascendas REIT (CLAR) undertook one of the largest equity fundraising exercises among existing S-REITs in 2026. In April, the industrial REIT raised S$903.5 million through a combination of private placement and preferential offering.
The proceeds were used to finance a series of acquisitions across different property markets partially. These included logistics properties in Singapore, the United States, and Spain; a 50% interest in a business park property in Singapore; and a 49% interest in a data centre in Japan.
Unlike REITs that focus on a single property type or geographical market, CapitaLand Ascendas REIT’s acquisitions span several industrial and business property segments. This gives investors exposure to different sources of rental income, including logistics, business parks and data centres.
#4 Keppel DC REIT (SGX: AJBU)
Keppel DC REIT joined the fundraising activity in September 2026, completing a S$625 million private placement to partially finance its acquisition of an 88.6% interest in two freehold hyperscale colocation data centres in Japan.
The fundraising exercise was initially targeted at S$600 million but was subsequently increased to S$625 million. The enlarged placement attracted demand equivalent to approximately 3.4 times the amount offered.
The acquisition will significantly increase Keppel DC REIT’s exposure to Japan, with the country’s contribution to portfolio rental income expected to increase from approximately 9% to 23%. Singapore remains its largest market, contributing approximately 60% of portfolio rental income.
After completing the acquisition, Keppel DC REIT’s assets under management are expected to rise to about S$7.6 billion, comprising 27 data centres across 10 countries.
Read Also: Guide To Start Your REITs Investing Journey In Singapore
Photo Credit: iStock/tang90246
