| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| Acrophyte Hospitality Trust | 0.210 | 12.74% | 70.0% | 43.5% |
| Cromwell European REIT | 1.610 | 9.29% | 21.5% | 39.7% |
| Elite UK REIT | 0.295 | 9.25% | 24.4% | 45.1% |
| First REIT | 0.260 | 9.23% | 10.8% | 39.3% |
| United Hampshire US REIT | 0.455 | 9.12% | 36.8% | 41.9% |
| All Singapore REITsAll Malaysian REITsAll Thai REITs | ||||
Starhill Global REIT has sold an office strata lot at the Wisma Atria property on Orchard Road, Singapore:
The disposal of the property, which comprises approximately 7,653 sqf of net lettable area, had a sale consideration of $16.1 million.
Parkway Life REIT is announcing the acquisition of 11 nursing homes in France for 111.2 million Euros (or about S$160 million):
The healthcare-focused Reit is buying the properties from DomusVi, a nursing home operator in France.
The properties will continue to be leased to DomusVi, under a new lease term of 12 years, after the deal goes through.
To fund the operation, the trust is realizing a private placement of S$180 million.
Capitaland Ascott Trust (CLAS) is announcing the divestment of Somerset Olympic Tower Tianjin:
“We continually reconstitute CLAS’ portfolio by divesting mature properties such as Somerset Olympic Tower Tianjin and redeploying the proceeds towards more optimal uses. In 1H 2024, CLAS’ properties in China contributed 1.4% to our total gross profit. The divestment of Somerset Olympic Tower Tianjin will have minimal impact on our gross profit. Post divestment, we will have four properties2 in China. With CLAS’ strong financial position, we stand ready to capture opportunities to deliver accretive growth for our Stapled Securityholders.”
Frasers Logistics & Commercial Trust (FLCT) is announcing the acquisition of a logistics facility in Tuas, Singapore:
The facility, located at 2 Tuas South Link 1, spans a net lettable area of 56,203 square metres and has an occupancy rate of 85.8 per cent.
The total acquisition cost will be paid in cash and funded through external debt financing, with the purchase price of S$140.3 million reflecting a 2.5 per cent discount from the property’s independent valuation of S$143.8 million, as at Sep 30.
CDL Hospitality Trust is acquiring a boutique hotel in Exeter, England:
In total, Hotel Indigo Exeter’s acquisition is estimated to cost approximately £21.5 million. This comprises the purchase price of £19.4 million and transactions costs such as stamp duty, an acquisition fee, professional due diligence and advisory fees amounting to about £2 million.
CapitaLand Ascendas REIT is selling its industrial property at Jalan Buroh (Singapore) for S$112.8 million:
This is nearly double the original purchase price of S$58.4 million, when the property was acquired in June 2006. It also represents a premium of S$45.3 million – or 67.1 per cent – to the average of two independent market valuations of the property, which was S$67.5 million as at Jul 1, 2024.
Due to a change in the composition of its shareholders, Frasers Hospitality Trust (FHTAT) will face higher taxes on its Australian activities:
Following the completion of the share swap on September 20, FHTAT would not qualify as a withholding MIT for FY2024 (for the 12 months to September 30). FHTAT will not enjoy this preferential Australian withholding tax rate and the distribution from FHTAT in respect of FY2024 would be subject to an effective Australian tax rate of 37.5%. The reduction in FHT’s distributable income for FY2024 is estimated to be approximately $1.3 million. Based on FY2023's distributable income, this represents a 2.5% reduction.
CapitaLand Ascott Trust is divesting Citadine Karasuma-Gojo Kyoto, a service residence, for about JPY6.18 billion (S$53.1 million):
The 124-unit property was divested at 40.1% above book value at an exit EBITDA yield of about 0.3%. Net proceeds of the divestment are JPY4.4 billion (S$37.8 million) and CLAS has recognised a net gain of JPY0.9 billion (S$8.0 million).
Elite UK REIT submitted a planning application for a new data centre campus in Blackpool (UK):
The proposed campus will be built on a site located on 15.65 hectares (ha) of freehold land, of which existing buildings sit on a land area of about 3.95 ha. It will benefit from a nearby transatlantic subsea Internet cable linking Blackpool with North America and Europe. The site is also located less than 5 km to the town centre.
Mapletree Industrial Trust is announcing the acquisition of a 98.47% stake in a datacentre in Tokyo (Japan) for sum of JPY14.3 billion (approximately S$127.8 million).
The freehold facility is 100% leased and mixed-use as it also includes back office, training facilities and an adjacent accommodation wing.
Proposed Acquisition to be DPU-accretive on a historical pro forma basis