| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| Acrophyte Hospitality Trust | 0.198 | 13.52% | 71.3% | 43.2% |
| Elite UK REIT | 0.290 | 9.90% | 29.3% | 42.5% |
| Stoneweg European REIT | 1.570 | 9.52% | 23.4% | 39.7% |
| IREIT Global | 0.285 | 9.33% | 49.1% | 37.7% |
| First REIT | 0.260 | 9.08% | 9.1% | 39.6% |
| All Singapore REITsAll Malaysian REITsAll Thai REITs | ||||
Keppel DC REIT is divesting a data centre in Frankfurt, Germany, for 50 million Euros:
Following the divestment, the Reit’s portfolio occupancy will stand at 96.6 per cent, while its weighted average lease expiry by net lettable area will improve from 6.3 years to 7.4 years.
The sponsor of Paragon REIT, Cuscaden Peak, [is making a privatisation offer on the trust at S$0.98 per unit:
Cuscaden Peak, held by Mapletree Investments and CLA Real Estate Holdings, became the sponsor of Paragon REIT in April 2022, after the completion of the acquisition of Singapore Press Holdings' non-media assets.
Malaysian REIT CapitaLand Malaysia Trust is acquiring three freehold industrial properties in Johor, Malaysia:
The properties are located in Senai Airport City, an industrial and manufacturing hub in the Senai region, which is part of the Johor-Singapore Special Economic Zone in Malaysia.
The three properties – three single-floor detached factories that are each annexed with a two-storey office block – are expected to be completed in the first quarter of 2025.
CapitaLand Ascott Trust is announcing the purchase of two freehold hotels in Japan for 21 billion yen (or about S$178 million):
Teo noted that the FY2024 NOI yield of the two hotels is 230 basis points higher than the blended exit yield of about 2 per cent for the four previous divestments in Japan.
She said: “By swiftly redeploying divestment proceeds into these higher-yielding assets, we have fully replaced the income from the four divested properties. Clas continues to focus on delivering growth by ensuring our portfolio is well-positioned to capture lodging demand.”
United Hampshire US REIT is selling a supermarket property for US$23.8 million in Albany, New-York:
However, the net proceeds of US$23.2 million from the divestment is about 10.2 per cent, or US$2.6 million, lower than the book value of the property, which stood at US$25.8 million as at Jun 30, 2024.
Mapletree Logistics Trust is selling a warehouse and factory property in Tuas, Singapore, for S$11.18 million:
The sale price is 39.8 per cent above the latest valuation of S$8 million as at Nov 5, 2024, said MLT’s manager on Thursday (Jan 16).
ESR REIT is selling an industrial property in Tuas, Singapore, for S$9.9 million:
The consideration represents a 1.5 per cent premium above its valuation of S$9.7 million, said the manager in a bourse filing on Wednesday (Jan 15).
Siloam International Hospitals, which rents and operates the Indonesian hospital properties owned by First REIT, has sent a non-biding Letter Of Intent to purchase the assets:
"Through the strategic review, the board is committed to undertaking a rigorous process to consider all options relating to the business of First REIT, which may include but are not limited to, exploration of joint ventures, strategic partnerships, asset acquisitions and/or asset divestments, with a view to delivering sustainable long-term value for First REIT’s unitholders," says First REIT.
The offer being made on Suntec REIT units has been raised from S$1.16 to S$1.19:
Unit holders who have accepted the previous offer are also entitled to the revised offer price, subject to the offer becoming or being declared unconditional in all respects. Additionally, the closing date of the offer has been extended to 5.30pm on Feb 5, from Jan 20 previously.
Centurion Corp, which operates worker and student accommodations, is exploring the possibility of putting its properties into a new REIT:
The details are currently “being explored”. The listing is also subject to approval by SGX and the Monetary Authority of Singapore (MAS).