Topic of Interest: #Reits (1,903 Articles Found)

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FLCT to join STI from April 13, replacing Jardine Strategic

The manager of Frasers Logistics & Commercial Trust (FLCT) has announced that the REIT will join STI from Apr 13. The inclusion of FLCT into the STI, which tracks the performance of the top 30 companies listed on…

FHT managers appoint Eu Chin Fen as new CEO

The managers of Frasers Hospitality REIT (FH-REIT) and Frasers Hospitality Business Trust (FH-BT) have appointed Eu Chin Fen as their new CEO. Eu will replace outgoing CEO Colin Low, whose last day of service is Apr 9. Eu’s…

Lendlease appoints new Asia chief executive based in Singapore

Sydney-based Lendlease, which manages Singapore-listed Lendlease Global Commercial Reit, has appointed Justin Gabbani as its Asia CEO, effective June 1. Based in Singapore, Mr Gabbani will take over from Tony Lombardo, who was appointed group CEO designate in…

Shares of office landlords surge on expected return of office workers

Shares of office landlords have been gaining since the government’s announcement last week that a bigger proportion – up to 75 per cent – of staff can return to the workplace from Apr 5. Units of Keppel Reit…

FEHT secures first sustainability-linked loan facility of $125 mil from OCBC

Far East Hospitality Trust (FEHT) has secured its first sustainability-linked loan facility worth $125 million on Mar 29. The five-year loan was secured from OCBC, the sole lender of the transaction. The loan will be used to refinance…

CapitaLand’s big restructuring: Is this the deal investors have been waiting for?

If I have learned anything from watching CapitaLand over the last two decades, it is that the group never admits to being at a disadvantage; and never tires of imagining what it could become in the future. This…

CapitaLand’s restructuring could provide higher returns for shareholders

CapitaLand has taken the Singapore property sector by surprise by announcing the separation of its property development business and its property investment mgmt business. The separation of CapitaLand into two distinct businesses, while surprising, is not entirely unprecedented.…

Soilbuild Reit hearing adjourned to March 30 after objection from unitholder

The court hearing on the application to sanction Soilbuild Business Space Reit’s trust scheme of arrangement has been adjourned to Mar 30. This came after a Soilbuild Reit unitholder opposed the trust scheme sanction application on the ground…

Sabana Reit independent directors quit after minority unitholders plan to withhold endorsement

Two appointed independent non-executive directors of Sabana Reit have resigned following “certain unitholders” refusal to endorse their appointments, the Reit’s manager announced in regulatory filings on Wed. The announcements did not name the unitholders, but noted that they…

CapitaLand’s restructuring move is not for everyone, say analysts

Capitaland’s restructuring deal seems the perfect solution to the middling valuations that the market has been awarding to property developers, but market watchers said replicating the deal may be difficult for locally listed developers without similar size and…

CapitaLand restructuring unlocks value for shareholders

There is nothing like a bit of restructuring to breathe life into a somewhat moribund stock. Listed CapitaLand soared some 21 per cent in early trading yesterday, after SEA’s largest property group announced a restructuring that would separate…

Allowing unitholders more say over Reit managers would raise accountability

It may be time to review rules governing Singapore-listed Reits, to allow unitholders more say in the appointment of Reit directors and managers. The recent declaration by activist fund managers Quarz Capital and Black Crane that they will…

Is it time for Sabana Reit to be euthanised?

The dissident minority unitholders of Sabana Reit that voted down its proposed merger with ESR-Reit more than three months ago are now threatening to withhold their endorsement of two new independent directors at the coming AGM. Quarz Capital…

CapitaLand shareholders to hold shares in new investment and lodging entity

Capitaland’s shareholders are set to hold shares in CapitaLand Investment mgmt (CLIM), which is to be listed on SGX by way of introduction, while the group’s real estate development business will be privatised. CLIM will own the investment…

CapitaLand to separate real estate development and fund management units

CapitaLand, majority-owned by Singapore state investor Temasek, announced on Mon plans to split itself into two in a strategy aimed at pursuing growth as an asset-light company. It is proposing to inject its REITs and investment mgmt unit…

Frasers Centrepoint Trust to divest YewTee Point for $220 mil

Frasers Centrepoint Trust (FCT) has divested YewTee Point for $220 million through a SPA with an unrelated third party on Mar 19. The agreement was entered into by HSBC Institutional Trust Services, FCT’s trustee. The consideration was negotiated…

Maybank Kim Eng remains ‘positive’ on S-REITs; prefers retail REITs among sector

Maybank Kim Eng analyst Chua Su Tye has kept “positive” on S-REITs though he says he sees heightened volatility ahead for the sector, which could lead to valuations remaining under pressure. S-REITs have retreated by 5% since Jan,…

Revenue of Ascott and Frasers REITs to remain weak until 2023

Ascott Residence Trust and Frasers Hospitality Trust (FHT) will continue to suffer weak revenues until 2023, according to Moody’s latest research. Moody’s said the slow resumption of travel will keep credit metrics weak for the two rated REITs.…

Industrial S-Reits well-positioned for growth; downside risks priced in, says DBS

DBS Group Research said it sees a good opportunity to buy industrial S-Reits as downside risks of US inflation have been priced in, following a recent correction. Given the sector’s pivot to “new economy” assets such as business…

New shopping mall will open in 2Q2021 at New Tech Park in Lorong Chuan

NTP+ Mall, a two-storey shopping mall spanning 43,000 sqft in GFA, has received its TOP. It will be opening in 2Q2021 opposite Lorong Chuan MRT Station. The development is part of the ongoing AEI at New Tech Park.…

Hospitality REITs on the road to recovery: OCBC

Hospitality REITs have borne the brunt of the COVID-19 pandemic but are now on the road to recovery, according to OCBC Investment research. “Singapore started vaccinations in Dec 2020 and targets to vaccinate the entire population by 3Q…

S-REITS lead STI Reserve List

S-REITS have been in the lead for STI reserve list, yielding an average of 6%. The STI Reserve List, which comprises the five highest-ranking non-constituents of the STI by market capitalisation, in order of highest market cap are…

Ocean Financial Centre is first commercial building to achieve the WELL Health-Safety Rating

Ocean Financial Centre, Keppel REIT’s premium Grade A office tower, has emerged as the first commercial building in Singapore to achieve the WELL Health-Safety Rating by the Intl WELL Building Institute (IWBI), on the back of its robust…

Keppel Infrastructure Trust manager appoints Greenpac founder to its board

The trustee-manager of Keppel Infrastructure Trust has appointed Susan Chong to its board as an independent, non-executive director. Ms Chong is the founder and CEO of Greenpac, a knowledge-based company that specialises in re-engg, designing and distributing environmentally…

Singapore Reits poised for full recovery, says CGS-CIMB

CGS-CIMB believes Singapore Reits are poised for a full recovery on expectations of a continuous improvement in footfall, which would support growth in tenant sales. In a Thurs report, the brokerage singled out three Reits – Frasers Centrepoint…

Fitch affirms ‘BBB’ ratings on Starhill Global REIT

Fitch Ratings has affirmed the ‘BBB’ long-term ratings on Starhill Global REIT medium-term notes and debt issuance programmes, as stable. The affirmation reflects Fitch’s expectations that leverage will stay “below the agency’s negative rating sensitivity of 9.0x in…

If you invested $10,000 in Bitcoin, Tesla or the ‘Best’ Singapore REIT 2 years ago, what would that be today?

“Passive Income” or in other words, investing in assets and making free money while you sleep. To the weathered tycoons, this very sentiment is the driving lifeforce behind massive oceans of wealth. Of course, there are so many…

KReit placement at S$1.13 a unit works out to higher DPU accretion for Keppel Bay Tower acquisition: analysts

Keppel Reit’s (KReit) private placement has been priced at S$1.13 per new unit, about midway in its indicative range. This comes after its manager’s proposal on Feb 18 of a private placement of between 235.6 million and 242.8…

LREIT appoints Lendlease Singapore as project manager for Grange Road car park redevelopment

The manager of Lendlease Global Commercial REIT (LREIT) has appointed Lendlease Singapore as the project manager for the redevelopment of the Grange Road car park site to provide project and construction mgmt services. The appointment was made through…

Starhill Global REIT a laggard play, but still a ‘buy’: RHB

RHB Group Research is keeping its “buy” recommendation on Starhill Global REIT (SGREIT) as the stock is the cheapest retail/office S-REIT. Analyst Vijay Natarajan believes that despite a challenging retail sector outlook weighing down, its portfolio negatives are…

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