Topic of Interest: #Reits (2,136 Articles Found)

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Pivoting to promising segments an increasingly vital growth driver for Reits

Capitamall Trust (CMT) became Singapore’s first listed Reit in July 2002. In its first 5 full years as a listed entity, DPU rose 66 per cent between 2003 and 2007, or a CAGR of nearly 14 per cent.…

CDL to acquire Central Square for $315mil

City Developments Limited (CDL) is set to redevelop its Central Mall properties, including its surrounding area, into a large-scale mixed-use development, it announced on Thurs. This comes after the proposed acquisition of Central Square for $315 million. Notably,…

ESR-REIT completes divestment of two properties for $53mil

The divestment of 3C Toh Guan Road East and 11 Serangoon North Ave 5 has been completed for $53 million. ESR-REIT, via its trustee RBC Investor Services Trust Singapore, has completed the divestment of 3C Toh Guan Road…

Why is the Singapore REIT market going so strong after two years of COVID-19?

S-REITs have emerged as a resilient segment of the local stock exchange in the past two years. Traditionally a key pillar of the portfolios of individual investors in Singapore, the iEdge S-REIT Index, regarded as the S-REIT benchmark,…

Cuscaden Peak to cover $34m break fee if SPH shareholders vote down Keppel offer

Cuscaden Peak’s offer for the assets of SPH is superior, compelling and gives shareholders a higher valuation, higher cash component and deal certainty. Also, Cuscaden Peak is prepared to cover the $34 million break fee if shareholders vote…

Sias questions Cuscaden and Keppel on SPH bid following investors’ feedback

Following investors’ feedback, Sias has posed questions to Cuscaden Peak and Keppel Corp over their competing offers for SPH. Among other things, Sias, via a letter from its president and CEO David Gerald, asked Cuscaden Peak to spell…

New CEO of OUE Commercial REIT’s manager appointed

OUE Commercial REIT’s manager announced on Nov 22 that Han Khim Siew will be appointed CEO of the manager, effective Feb 7, 2022. OUE-C REIT’s sponsor is OUE, which is controlled by the Riady family.

Should Ivanhoe Cambridge be allowed to vote on ARA Logos’ merger with ESR-Reit?

When ESR-Reit and ARA Logos Logistics Trust (ARA Logos) announced their proposed merger on Oct 15, they said an entity called Ivanhoe Cambridge Asia – which holds nearly 126.7 million units in ARA Logos, amounting to more than…

4 REITs ETFs on SGX

1) Phillip SGX APAC Dividend Leaders REIT ETF – Is the first REIT ETF to be listed on SGX in 2016. It’s listed in both SGD and USD and tracks the performance of the iEdge APAC Ex-Japan Dividend…

SPH up 1.7% on new Cuscaden offer, SPH Reit down 1%

Shares of SPH jumped as much as 2.1 per cent on Tues, after offeror Cuscaden Peak raised its bid and Keppel Corp maintained that its offer is final. Keppel Corp and Keppel Reit also saw some lift in…

Keppel says offer for SPH firm and irrevocable, provides shortest time to pay-out

Keppel Corp on Tues reiterated that its offer for SPH is “firm and irrevocable” and also provides the shortest time to pay-out by mid-Jan 2022 for SPH shareholders. Keppel’s statement comes one day after Cuscaden Peak raised its…

Ascendas REIT to jointly develop 1 Science Park Drive with CapitaLand Development for $883 mil

Ascendas REIT will redevelop 1 Science Drive in a JV with CapitaLand Development (CLD), with a total cost estimated at $883 million. The process will start with A-Reit selling the asset into a JV for $103 million, which…

Reits may not be best vehicles to hold prime Singapore office assets

Many office workers are still working from home amid a high number of Covid-19 cases. Office landlords fret over when companies can get large numbers of staff back to offices safely and whether greater adoption of remote working…

4 things about the CSOP iEdge S-REIT Leaders Index ETF (SRT/SRU) to know before investing

1) Components of the iEdge S-REIT Leaders Index – It consists of various notable names such as CapitaLand Integrated Commercial Trust and Ascendas REIT. As of 31 Oct 2021, there are the top 10 largest constituents in the…

CICT to divest One George Street, to book net proceeds of $344.8 mil

CapitaLand Integrated Commercial Trust (CICT) is divesting One George Street and will book net proceeds of $344.8 million for its 50% stake. The 23-storey Grade A office building at the Raffles Place area is being sold for $1.2815…

Keppel deal a game changer but SPH shareholders should understand what is at stake: Sias

Shareholders of SPH should understand what is at stake before deciding on a new offer by Keppel Corp to take the company private, said Mr David Gerald, president of Sias. He said on Thurs: “Keppel’s significantly improved and…

FLCT NPI up 12.3% to $181.27m in H2

Frasers Logistics & Commercial Trust (FLCT) recorded an adjusted NPI of $181.27m in H2 of 2021. This is a 12.3% y-o-y increase from the $161.36m recorded in H2 2020. The group’s DPU was up by 6.3% to 3.88…

Keppel’s revised offer for SPH comes with deal certainty

Barely two weeks after the Cuscaden Peak consortium, led by hotelier Ong Beng Seng, made its surprise competing all-cash offer of $2.10 per share for SPH, Keppel Corp has upped the ante with a 12 per premium to…

SPH CEO says ‘door not closed’ to better offers after Keppel sweetens bid

SPH CEO Ng Yat Chung said on Wed that “the door has not closed for SPH to consider a superior offer” even as Keppel Corp raised its buyout price for the group amid an escalating bidding war. The…

Keppel’s beefed-up offer for SPH throws ball back in Cuscaden Peak’s court

Analysts say the revised buyout offer from Keppel Corp for SPH is significantly better than the rival all-cash deal from Cuscaden Peak, a consortium backed by Hotel Properties businessman Ong Beng Seng. But Keppel’s final offer of $2.351…

Conglomerate Keppel sweetens offer for Singapore Press to $2.8 bln

Conglomerate Keppel Corp has raised its offer to buy SPH, excluding its media business, at a valuation of $2.8 billion, heating up a bidding war with a consortium that includes firms linked to state investor Temasek Holdings. Singapore’s…

‘Add’ LREIT as reversions seem positive and tenant sales recover: CGS-CIMB

CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee have maintained their “add” call for Lendlease Global Commercial REIT, pointing at “encouraging” 1QFY2022 rental reversions. In a Nov 9 report, Lock and Eing note that the occupancy…

Disgruntled ARA Logos unitholders should vote

Some readers took umbrage at this column’s suggestion a fortnight ago that minority unitholders of ARA Logos Logistics Trust might choose to support its proposed merger with ESR-Reit. The point I was making was that once ESR Cayman…

ESR-LOGOS REIT: 4 things to know about the merger between ESR REIT and ARA LOGOS Trust Logistics Trust

1) Focus on “new economy” businesses – The focus of the newly formed ESR-LOGOS REIT will be in “New Economy” properties, where due to COVID-19, has resulted in a sectorial and requirement shift in the logistics space; 2)…

RHB keeps ‘neutral’ on CDLHT as its 3QFY21 and 9MFY21 operational numbers perform below expectations

RHB Group Research analyst Vijay Natarajan has kept “neutral” on CDL Hospitality Trusts (CDLHT). Natarajan’s Nov 1 report came after the REIT posted its business update for the 3QFY2021 ended Sept on Oct 29. For the 3QFY2021, CDLHT’s…

ART, CDLHT are DBS’ top picks for hospitality S-REITs as ‘green shoots’ emerge for hotels

DBS Group Research analysts Geraldine Wong and Derek Tan see things looking up for hospitality S-REITs as signs of recovery emerge. “Hospitality S-REITs reported strong performance in 3Q2021 and promise heading into 2022,” they highlight in a Nov…

LREIT reports portfolio occupancy of 99.8% for 1QFY22, says increased stake in Jem will bring stable income

The manager of Lendlease Global Commercial REIT (LREIT) has announced its 1QFY2022 ended Sept operations update on Nov 5. In the update, the manager highlights that the completion of LREIT’s acquisition of an additional stake in Jem during…

Parkway Life REIT DPU up 0.8% in Q3 2021

Parkway Life REIT saw its DPU increase 0.8% to 3.56 Singapore cents in the third quarter ended 30 Sept 2021, from 3.54 cents over the same period last year. In Q3 2021, the distributable income also rose 0.8%…

Netlink NBN Trust DPU inches up 1.2% to 2.56 cents

NetLink NBN Trust’s DPU increased by 1.2% to 2.56 cents in H1 FY21. EBITDA and PAT, meanwhile, were lower by 9.4% and 10.5%, respectively. This was mainly due to a remeasurement loss of $12.4m due to financing lease…

ESR shareholders approve of ARA Asset Management acquisition

Shareholders of ESR Cayman have, on Nov 3, voted to approve all the proposals related to the acquisition of ARA Asset Mgmt. At ESR Cayman’s EGM, some 91.81% of the votes cast were in favour of the proposed…

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