| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| IREIT Global | 0.240 | 11.48% | 57.6% | 37.7% |
| Elite UK REIT | 0.295 | 9.73% | 26.3% | 42.2% |
| Stoneweg European REIT | 1.540 | 9.16% | 22.2% | 41.7% |
| United Hampshire US REIT | 0.445 | 9.12% | 39.0% | 38.9% |
| First REIT | 0.265 | 8.83% | 3.2% | 40.7% |
| All Singapore REITsAll Malaysian REITsAll Thai REITs | ||||
Manulife US REIT is selling Peachtree, an office building in Atlanta, USA, for US$133.8 million:
The rationale to divest Peachtree is to make early partial repayment of Manulife US Reit loans due in 2026. The proceeds will enable the Reit to pay down about 58 per cent of the US$203.9 million of loans maturing in 2026.
Mapletree Industrial Trust entered into an US$11.8 million agreement to divest a data centre in Georgia, US:
It entered into a purchase and sale agreement for the proposed divestment of a single-story data centre in the Northwoods Business Center with a third-party buyer. The property, located at 2775 Northwoods Parkway, Norcross, Georgia, has net lettable area of about 32,740 square feet (sq ft) and stands on freehold land with an area of around 140,341 sq ft.
Parkway Life REIT is exiting Malaysia by divesting of its sole Malaysian property, MOB Specialist Clinics in Kuala Lumpur:
The REIT says that the sale consideration amount is about 25.6% higher than the original purchase price of the property of RM16 million in 2012. It is 4.6% above the average of the latest valuation of the property at RM19.2 million as at Dec 31, 2024.
The unitholders of Paragon REIT have voted in favor of the privatization offer:
During the scheme meeting on Tuesday (Apr 22), 1,000 unitholders or around 82.8 per cent of those present and voting, agreed to the privatisation offer. This represented about 97.6 per cent of units, well above the 50 per cent required of total voting minority shareholders, as well as the required 75 per cent in value of units.
Singapore's CapitaLand Investment (CLI) will spin off a new REIT, CapitaLand Commercial C-REIT (CLCR), on the Shanghai Stock Exchange:
CLI says CLCR will invest in operating retail assets in China, benefiting from the Chinese government’s policies to stimulate domestic consumption.
Stoneweg European REIT is proposing to convert into a stapled trust comprising both a REIT and a business trust:
The Manager believes that the Proposed Stapling will benefit Unitholders by providing Stoneweg European REIT with a future-proof corporate structure with optimal tax efficiency.
Furthermore, the stapled real estate investment trust (“REIT”) - business trust (“BT”) structure reduces reliance on passive rental income, balancing the more passive income stability of a REIT with the growth potential of a BT, making it more resilient to market cycles. While the REIT component benefits from preferential tax treatment in Singapore, having a stapled REIT-BT structure may allow for greater tax structuring flexibility, especially in Europe.
Digital Core REIT is acquiring a 20% stake in a data centre in Osaka, Japan for ¥13 billion:
The Osaka data centre was purpose-built and completed in July 2021. It offers 19,900 kilowatts (kW) of critical IT load and is situated on sponsor Digital Realty’s Osaka connected data centre campus, servicing “a diverse community of leading hyperscale and technology companies”, according to a March 26 announcement.
Frasers Centrepoint Trust (FCT) is launching a large acquisition with the purchase of Northpoint City South Wing (a suburban mall in Yishun, Singapore) for S$1.17 billion. To fund the transaction, FCT is also raising at least S$400 million of new equity:
FCT has announced the launch of an equity fund raising (EFR) of no less than $400 million, comprising a placement of $200 million at a price of $2.07 to $2.113 per unit, which translates into a discount of 1.8% to 3.8% of adjusted VWAP; and a preferential offer of $200 million with unit prices ranging from $2.03 to $2.07, representing a discount to VWAP of 3.8% to 5.7%.
Elite UK REIT is selling Crown Buildings in Caerphilly for £710,000:
In a March 3 bourse filing, the manager of Elite UK REIT says the vacant property was valued at GBP600,000 at end-2024 based on an independent valuation conducted by CBRE.
CapitLand India Trust (CLINT) is announcing an investment into a Nagawara office project near Bangalore, India:
Sitting on a land parcel of approximately 4.6 acres, the office project is part of a mixed-used development with a total net leasable area of approximately 1.36 million sq ft. The mixed-use development is a flagship commercial project of Maia, comprising office and retail space with net leasable areas of 1.13 million sq ft and 0.22 million sq ft respectively. As part of the forward purchase arrangement, CLINT will fully fund the development of the office project and receive interest on the funding at a rate which is higher than its borrowing cost. Upon completion of the development and stabilisation, CLINT is expected to acquire the office space in 1H 2030, while Maia will retain the retail portion. The purchase price of the office space is estimated to be INR14,717 million / S$233.6 million.