S-REITs Recap - Week 24

Mapletree Pan Asia Commercial has entered into a S$130,000,000 term loan facility with conditions of pre-payment's event.

OUE REIT Completes its First Investment Grade Green Notes Issuance.

Digital Core REIT Continues to Share Buy-back this week.

Mapletree Logistic Trust divests properties in China and Singapore.

Manulife US REIT made various announcements to the Board

Sabana REIT exercised its right of re-entry under the Lease Agreement and issued Letter To Requisitionists Regarding Extraordinary General Meeting Requisition Notice.

Starhill Global Real Estate Investment Trust was granted a three-year unsecured and committed revolving credit facility of S$50 million with condition of "change of control event".

See detail announcements here:

https://reitsavvy.com/insights/s-reits-week24-2024

#REITs #reitsavvy #REITNews

$Mapletree PanAsia Com Tr(N2IU.SI) 

$OUEREIT(TS0U.SI) 

$DigiCore Reit USD(DCRU.SI) 

$ManulifeReit USD(BTOU.SI) 

$Sabana Reit(M1GU.SI) 

$Mapletree Log Tr(M44U.SI) 

$StarhillGbl Reit(P40U.SI) 

Money and Me: Navigating Challenges for Mapletree REITs and REITs related to Changi Business Park
By- Kenny Loh

Today, we delve into the outlook for Mapletree REITs amid challenging market conditions and leadership changes. We discuss the recent performance of $Mapletree Log Tr(M44U.SI)and $Mapletree PanAsia Com Tr(N2IU.SI), investors' punishing responses and recent leadership changes. Michelle and her guest Kenny Loh also examine the implications of Mapletree Anson's $775 million sale by MPACT. Then we travel to Singapore's "CBD of the east" and examine what the emptying of tenants means for Singapore's ambitions to become a regional hub for MNCs and the possible impact of the vacancies at Changi Business Park on S-REITs.

$Mapletree Ind Tr(ME8U.SI) $CapitaLand Ascendas REIT(A17U.SI) $ESR-LOGOS REIT(J91U.SI)

https://reitsavvy.com/insights/money-and-m...

S-REITs Recap - Week 23

 $CapLand Ascott T(HMN.SI)fully acquired student accommodation property in USA.

$DigiCore Reit USD(DCRU.SI) continues to do Share-Buy-Back.

$Mapletree Log Tr(M44U.SI)completed divestment of Padi in Malaysia.

$EC World Reit(BWCU.SI)REIT's Announcement Of Litigation In Relation To FIPL And Mr Zhang Guobiao and Update From Sponsor regarding Unilogix Yangling and Yangling Lender

$ManulifeReit USD(BTOU.SI)Winding Up Of Hancock S-REIT Portland LLC

Audrey Tan resigned as the CFO of $Frasers Cpt Tr(J69U.SI)

See detail announcements here:

https://reitsavvy.com/insights/s-reits-week23-2024

#REITs #reitsavvy #REITNews

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐑𝐄𝐈𝐓𝐬 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 (𝐉𝐮𝐧𝐞 2024)

Technically, FTSE ST REIT index is trading in a Symmetrical Triangle, a side way consolidation chart pattern.

Total Market Cap = S$85.98 Billion ( from $84 Billion)

Average Price/NAV = 0.78 (maintained)

Average Distribution Yield = 7.88% ( from 8.07%)

Market Cap Weighted Average Distribution Yield = 6.51% ( from 6.63%)

Average Gearing Ratio = 39.21% ( from 39.12%)

Average Yield Spread (vs 10 years SG Gov yield) = 4.52% ( from 4.38%)

Bull / Bear Call for S-REIT Sector (In General):

Valuation

Technical (Sideway Consolidation)

Interest Rate Direction (end 2024)



More detail can be found here:

https://reitsavvy.com/insights/singapore-reits-monthly-update-02-june-2024



Previous Singapore REITs Market Update can be found here:

https://lnkd.in/gzpCfgup



Building a Secure Retirement: 6 Reasons to Consider REITs in Singapore

https://engage.fa.com.sg/kennyloh/building-a-secure-retirement-6-reasons-to-consider-reits-in-singapore-2/



Planning to Build a Hands- Free Diversified REIT Portfolio?

Let's chat over a coffee !

https://engage.fa.com.sg/kennyloh/

$FSTAS351020(FSTAS351020.IN)‌

$LION-PHILLIP S-REIT(CLR.SI)‌

$CSOP iEdge SREIT ETF US$(SRU.SI)‌

$CSOP iEdge SREIT ETF S$(SRT.SI)‌

$UOB AP GRN REIT S$(GRN.SI)‌

$UOB AP GRN REIT US$(GRE.SI)‌

$BHG Retail Reit(BMGU.SI)‌

$CapLand IntCom T(C38U.SI)‌

$CapLand China T(AU8U.SI)‌

$Fortune Reit HKD(F25U.SI)‌

$Frasers Cpt Tr(J69U.SI)‌

$Lippo Malls Tr(D5IU.SI)‌

$Mapletree PanAsia Com Tr(N2IU.SI)‌

$Mapletree NAC Tr(RW0U.SI)‌

$StarhillGbl Reit(P40U.SI)‌

$CapitaCom Trust(C61U.SI)‌

$Frasers Com Tr(ND8U.SI)‌

$IREIT Global(UD1U.SI)‌

$Keppel Reit(K71U.SI)‌

$ManulifeReit USD(BTOU.SI)‌

$OUEREIT(TS0U.SI)‌

$Suntec Reit(T82U.SI)‌

$AIMSAMP Cap Reit(O5RU.SI)‌

$CapitaLand Ascendas REIT(A17U.SI)‌

$ARA LOGOS Log Tr(K2LU.SI)‌

$EC World Reit(BWCU.SI)‌

$ESR-LOGOS REIT(J91U.SI)‌

$Frasers L&C Tr(BUOU.SI)‌

$Frasers L&I Tr AUD(BWQU.SI)‌

$Keppel DC Reit(AJBU.SI)‌

$Mapletree Ind Tr(ME8U.SI)‌

$Mapletree Log Tr(M44U.SI)‌

$Sabana Reit(M1GU.SI)‌

$Far East HTrust(Q5T.SI)‌

$CDL HTrust(J85.SI)‌

$CapLand Ascott T(HMN.SI)‌

$Frasers HTrust(ACV.SI)‌

$First Reit(AW9U.SI)‌

$ParkwayLife Reit(C2PU.SI)‌

$Dasin Retail Tr(CEDU.SI)‌

$NikkoAM-STC Asia REIT(CFA.SI)‌

$Sasseur Reit(CRPU.SI)‌

$Nikko AM STI ETF(G3B.SI)‌

$STI ETF(ES3.SI)‌

$Dasin Retail Tr(CEDU.SI)‌

‌$CapLand India T(CY6U.SI)‌

$ARA HTrust USD(XZL.SI)‌

$CapitaLand Ascendas REIT(A17U.SI)‌

$Suntec Reit(T82U.SI)‌

$Keppel Reit(K71U.SI)‌

$Prime US ReitUSD(OXMU.SI)‌

$Lendlease Reit(JYEU.SI)‌

$SRET‌

$NikkoAM-STC Asia REIT(CFA.SI)‌

$EliteComREIT GBP(MXNU.SI)‌

$CapLand Ascott T(HMN.SI)‌

$UtdHampshReitUSD(ODBU.SI)‌

$Cromwell Reit EUR(CWBU.SI)‌

$CapitaLandInvest(9CI.SI)‌

$Daiwa Hse Log Tr(DHLU.SI)‌

$DigiCore Reit USD(DCRU.SI)

$PARAGON REIT(SK6U.SI)

$OUE Com Reit R(9MFR.SI)

‌𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐑𝐄𝐈𝐓𝐬 𝐒𝐞𝐜𝐭𝐨𝐫 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 (𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐚𝐩)

Current Total Market Cap is about $89.49 Billion.

The largest sector is Diversified sector (36.16% of total S-REITs market cap).

The second largest sector is Industrial sector (34.29% of total S-REITs market cap).

Capitaland Integrated Commercial Trust ($12.7B) is the largest REIT in Singapore Exchange, followed by Capitaland Ascendas REIT ($11.9B).

See animated Singapore #reits market cap in more detail with here: https://reitsavvy.com/s-reits-overview

$FSTAS351020(FSTAS351020.IN)‌

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$LION-PHILLIP S-REIT(CLR.SI)‌

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$CSOP iEdge SREIT ETF US$(SRU.SI)‌

‌

$CSOP iEdge SREIT ETF S$(SRT.SI)‌

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$UOB AP GRN REIT S$(GRN.SI)‌

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$UOB AP GRN REIT US$(GRE.SI)‌

‌

$BHG Retail Reit(BMGU.SI)‌

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$CapLand IntCom T(C38U.SI)‌

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$CapLand China T(AU8U.SI)‌

‌

$Fortune Reit HKD(F25U.SI)‌

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$Frasers Cpt Tr(J69U.SI)‌

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$Lippo Malls Tr(D5IU.SI)‌

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$Mapletree PanAsia Com Tr(N2IU.SI)‌

‌

$Mapletree NAC Tr(RW0U.SI)‌

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$StarhillGbl Reit(P40U.SI)‌

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$CapitaCom Trust(C61U.SI)‌

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$Frasers Com Tr(ND8U.SI)‌

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$IREIT Global(UD1U.SI)‌

‌

$Keppel Reit(K71U.SI)‌

‌

$ManulifeReit USD(BTOU.SI)‌

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$OUEREIT(TS0U.SI)‌

‌

$Suntec Reit(T82U.SI)‌

‌

$AIMSAMP Cap Reit(O5RU.SI)‌

‌

$CapitaLand Ascendas REIT(A17U.SI)‌

‌

$ARA LOGOS Log Tr(K2LU.SI)‌

‌

$EC World Reit(BWCU.SI)‌

‌

$ESR-LOGOS REIT(J91U.SI)‌

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$Frasers L&C Tr(BUOU.SI)‌

‌

$Frasers L&I Tr AUD(BWQU.SI)‌

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$Keppel DC Reit(AJBU.SI)‌

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$Mapletree Ind Tr(ME8U.SI)‌

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$Mapletree Log Tr(M44U.SI)‌

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$Sabana Reit(M1GU.SI)‌

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$Far East HTrust(Q5T.SI)‌

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$CDL HTrust(J85.SI)‌

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$CapLand Ascott T(HMN.SI)‌

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$Frasers HTrust(ACV.SI)‌

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$First Reit(AW9U.SI)‌

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$ParkwayLife Reit(C2PU.SI)‌

‌

$Dasin Retail Tr(CEDU.SI)‌

‌

$NikkoAM-STC Asia REIT(CFA.SI)‌

‌

$Sasseur Reit(CRPU.SI)‌

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$Nikko AM STI ETF(G3B.SI)‌

‌

$STI ETF(ES3.SI)‌

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$Dasin Retail Tr(CEDU.SI)‌

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$CapLand India T(CY6U.SI)‌

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$ARA HTrust USD(XZL.SI)‌

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$CapitaLand Ascendas REIT(A17U.SI)‌

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$Suntec Reit(T82U.SI)‌

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$Keppel Reit(K71U.SI)‌

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$Prime US ReitUSD(OXMU.SI)‌

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$Lendlease Reit(JYEU.SI)‌

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$SRET‌

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$NikkoAM-STC Asia REIT(CFA.SI)‌

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$EliteComREIT GBP(MXNU.SI)‌

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$CapLand Ascott T(HMN.SI)‌

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$UtdHampshReitUSD(ODBU.SI)‌

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$Cromwell Reit EUR(CWBU.SI)‌

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$CapitaLandInvest(9CI.SI)‌

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$Daiwa Hse Log Tr(DHLU.SI)‌

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$DigiCore Reit USD(DCRU.SI)

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$PARAGON REIT(SK6U.SI)

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$OUE Com Reit R(9MFR.SI)

S-REITs Recap - Week 22



Lippo Mall Indonesia Retail Trust (LMIR)'s obtained a new secured amortising term loan facility. PT. Lippo Karawaci, Tbk is no longer the ultimate shareholder.

OUE REIT Announces its First Interest Rate Swap with Carbon Credit.

Mapletree Pan Asia Commercial Trust announces divestment of Mapletree Anson to reduce gearing and enhance interest coverage ratio. Divestment expected to be DPU-accretive on pro forma basis.

$Lippo Malls Tr(D5IU.SI)

$Mapletree PanAsia Com Tr(N2IU.SI) 

$OUEREIT(TS0U.SI) 

See detail announcements here:

#reits #reitsavvy #reitnews



https://reitsavvy.com/insights/s-reits-week22-2024 

See previous SREIT week market recap here:

https://reitsavvy.com/insights/s-reits-wee...

$Cromwell Reit EUR(CWBU.SI)  $Mapletree Log Tr(M44U.SI)