| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| Acrophyte Hospitality Trust | 0.200 | 13.38% | 71.0% | 43.2% |
| Cromwell European REIT | 1.580 | 9.46% | 22.9% | 39.7% |
| IREIT Global | 0.285 | 9.45% | 49.7% | 37.7% |
| Elite UK REIT | 0.295 | 9.25% | 24.4% | 45.1% |
| First REIT | 0.260 | 9.23% | 10.8% | 39.3% |
| All Singapore REITsAll Malaysian REITsAll Thai REITs | ||||
Cromwell European REIT having changed its majority shareholder and sponsor, the trust will be renamed to Stoneweg European REIT starting from January 2, 2025.
OUE REIT is selling the Lippo Plaza Shanghai for RMB1.92 billion (or about $357.4 million):
Upon the completion of the divestment, all of OUE REIT's assets are located in Singapore. These comprise four commercial properties — OUE Bayfront, One Raffles Place, OUE Downtown and Mandarin Gallery — as well as two hotels, namely Hilton Singapore Orchard and Crowne Plaza Changi Airport.
Cromwell European REIT continues selling Italian assets with the new announcement of two office properties being sold for 20.9 million Euros (or about s$29.6 million):
Simon Garing, CEO of the REIT's manager, points out that since the start of 2022, the REIT, which has an NAV per unit of EUR2.05, has divested EUR284.5 million worth of "non-strategic" assets, fetching a "healthy" EUR33.0 million or 13.1% premium to the latest valuations.
The Ascott Ltd, a subsidiary of CapitaLand Investment (CLI), is reducing its stake in CapitaLand Ascott Trust (CLAS) by selling a 4.9% stake:
With the transaction, CLI’s holdings in Clas decreased to 24.04 per cent from 28.92 per cent.
Clas will no longer be a subsidiary of CLI, and will instead be accounted as an associate of its parent company.
Elite UK REIT is announcing the sale of St Paul's House in Chippenham, UK:
The sale will be at a premium of 18.5% over the valuation of £1.35 million as at June 30.
CDL Hospitality Trusts is doing its first student accommodation investment with the purchase of a £37.3 million property in Liverpool, UK:
The PBSA is part of CDL Hospitality Trusts (CDLHT) wider acquisition of freehold land, which also comprises a piece of vacant land adjacent to the student accommodation asset, said the trusts’ managers in a bourse filing on Thursday (Dec 19).
CapitaLand Ascendas REIT (CLAR) is planning to acquire the DHL Indianapolis Logistics Center (USA) in a sale-and-leaseback transaction:
The property’s total acquisition cost of $153.4 million, including an acquisition fee and other transaction-related expenses, is intended to be financed through a combination of internal resources, divestment proceeds or existing debt facilities.
For illustrative purposes, Clar’s distribution per unit (DPU) for the financial year would have been 0.019 cent, representing a DPU accretion of 0.1 per cent, assuming that the proposed acquisition was completed on Jan 1, 2023.
Due to a change of main shareholder and sponsor, Cromwell European REIT is announcing the early refinancing of a Netherlands office loan:
The early refinancing comes as the manager facilitates the divestment of sponsor Cromwell Property Group’s stake in the Reit and its European fund management platform to Stoneweg Global Platform.
Due to the higher cost of the new loan, Cromwell Property Group will compensate Cromwell REIT with 4 million Euros:
“This ensures Cromwell E-Reit’s distributable income is not impacted due to the early refinancing of the Netherlands office loan as a result of the (divestment),” said the manager.
Mapletree Logistics Trust is selling 1 Genting Lane (Singapore), a 36 year old industrial property:
Under the agreement, the property has a sale consideration of $12.3 million, which is 35.2% above its valuation of $9.1 million as at Oct 1.
AIMS APAC REIT is announcing the sale of it's factory and office property at 3 Toh Tuck Link (Singapore):
The sale consideration of $24.388 million represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31.