REIT Oracle

CapitaLand Malaysia Trust Plans RM250 Million Placement

Hot on the publication of its second quarter results, CapitaLand Malaysia Trust is announcing a placement of up to 435,400,000 new units in order to raise up to RM250 million. The operation aims to cut down debt after a string of acquisitions.

After the completion of the placement and proposed acquisitions, the manager expects a reduction of gearing to 39.6% pro-forma with a decrease of NAV to RM0.9438 (down from RM1.001 at the end of 2024)

Frasers Logistics & Commercial Sells Australian Office Property

Frasers Logistics & Commercial Trust is announcing the divestment of 357 Collins Street, Melbourne, a 25 storey freehold office building:

The consideration payable by the purchaser after netting off the outstanding tenant lease incentive liabilities that will be transferred to the purchaser is A$192.1 million (approximately S$161.4 million). This represents a 0.6% premium to 357 Collins Street's independent valuation of A$191.0 million (approximately S$160.4 million) as at 1 June 2025. The proposed divestment of this commercial property aligns with the REIT Manager's proactive asset management and portfolio rebalancing strategies, and allows FLCT to strategically exit the challenging Melbourne office CBD market, which continues to suffer from remote work culture, leading to an elevated vacancy level of 18.6% in Melbourne.

AIMS Financial Group Buys Extra 7% Stake in AIMS APAC REIT

AIMS Financial Group has acquired an extra 7% stake in AIMS APAC REIT from ESR HK Management:

Via a married deal, AIMS Financial Group paid $1.19 each for around 57.16 million units, bringing its total stake to 18.66%.

Centurion Accommodation REIT Is a Go!

Centurion is moving forward with listing some if its assets into a S-REIT, under the name Centurion Accommodation REIT:

The new REIT’s portfolio will include 14 assets comprising five purpose-built worker accommodation (PBWA) assets in Singapore, eight purpose-built student accommodation (PBSA) assets in the UK and one PBSA asset in Australia.

Acrophyte Hospitality Trust Is Facing Capital Needs, Considering Multiple Options

Acrophyte Hospitality Trust is announcing that it is in need of about US$100 million for asset enhancement initiatives for 25 of its 33 hotel properties. The managers are initiating a strategic review and considering different options:

(i) a temporary suspension or reduction of distributions; (ii) options for equity fund raising; and/or (iii) a recalibration of the portfolio such as brand repositioning

The Managers are also in discussion with the Sponsor on the options for a transaction relating to the Stapled Securities

CapitaLand China Trust Sells Mall, Takes Stake in Upcoming C-REIT

CapitaLand China Trust is selling CapitaMall Yuhuating in Changsha, China:

The trust will sell the asset at a floor price of 748 million yuan, based on independent valuations. Gross proceeds from the transaction are expected to reach 738.5 million yuan, with net proceeds of about 595.3 million yuan after deducting transaction costs and the subscription amount.

Part of the proceeds will be redeployed into CapitaLand Commercial C-REIT:

From the gross proceeds, CLCT intends to allocate around S$20.7 million to subscribe for 5 per cent of the commercial real estate investment trust’s (C-Reit) initial public offering (IPO) units. The subscription will be subject to a five-year lock-up period.

Elite UK REIT Buys Three Assets, Makes Private Placement

Elite UK REIT is acquiring three freehold properties currently leased by the British government for £9.2 million:

The seller is Elite Phoenix, a subsidiary of Elite UK Commercial Fund II. The deal was struck at a 7.6 per cent discount to the average of the independent valuations of these assets.

To fund the transaction, the trust is organizing a £4 million private placement, issuing 13.3 million new shares at a pricing between £0.295 and £0.305 per share.

On a pro forma basis for FY2024, the properties are expected to be 0.6 per cent distribution-per-unit accretive, and gearing would have reduced by 20 basis points to 43.2 per cent.

Sasseur REIT Gets 508 Million Yuan Loan From Sponsor

Sasseur REIT is getting refinancing help from its sponsor with a 508 million yuan unsecured loan:

The proceeds from the sponsor loan will help to repay existing offshore bank loans, due in March 2026. As the sponsor loan is denominated in renminbi, this will result in cost savings for the Reit, the manager said in a bourse filing on Friday (Jun 6).

Acrophyte Hospitality to Sell Auburn Hills Hotel

Acrophyte Hospitality Trust is divesting of its hotel in Auburn Hills (Michigan) for US$6.7 million:

An independent appraiser valued the property at US$7 million as at December 2024, said the managers.

Net divestment proceeds are estimated to be around US$6.2 million, after factoring in a divestment fee for the managers of US$33,000, or 0.5 per cent of the sale consideration, and US$436,000 in transaction costs that the sale is expected to incur.

CapitaLand Malaysia Trust to Raise Equity to Reduce Debt

CapitaLand Malaysia Trust wants to issue RM250 million in a private placement offering in order repay bank loans:

The exercise involves the issuance of up to 435.4 million new units, or approximately 14.9% of its total issued units. The new units will be offered to its sponsors and institutional investors, including the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan Diperbadankan (KWAP), with the final issue price to be determined via a bookbuilding exercise.