REIT Oracle

Your data source for Singapore's REITs.

Top 5 Yielder	Last	Yield	Disc. to NAV	Gearing
ESR REIT	2.040	10.88%	18.4%	41.4%
First REIT	0.186	10.86%	19.1%	45.7%
Sasseur Real Estate Investment Trust	0.600	10.75%	26.8%	25.6%
United Hampshire US REIT	0.425	10.49%	41.8%	39.7%
Daiwa House Logistics Trust	0.390	10.03%	38.1%	40.1%
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Parkway Life Reit buys three nursing homes in France for US$43.5 million

Parkway Life real estate investment trust (Reit) has acquired three nursing homes in France for 38.8 million euros (US$43.5 million), expanding its presence in its third key market outside Singapore.

The debt-funded acquisition is expected to be completed by December. The properties will be leased back to DomusVi Group, the third-largest aged-care operator in Europe, which is selling the nursing homes to Parkway Life Reit.

...read more on The Business Times

Is Stoneweg Europe Stapled Trust’s manager-internalisation deal the key to reviving S-Reits?

When Stoneweg Europe Stapled Trust (Sert) flagged in August that the internalisation of its managers was on the cards, this column warned that the move might alienate minority investors and do little to boost the market valuation of its stapled securities.

Sert is not just acquiring the managers of its own assets, though. On Sep 28, it was revealed that Sert plans to acquire its sponsor’s pan-European logistics and light-industrial platform – which manages Sert’s 2.3 billion euro (US$2.6 billion) portfolio, as well as a further 820 million euros worth of third-party assets across 11 mandates.

...read more on The Business Times

ESR-Reit to divest Pioneer Road warehouse for S$32 million to GKE Corp

The manager of ESR Real Estate Investment Trust (Reit) announced on Wednesday (Sep 30) that it has entered into a sale and purchase agreement to divest its property at 30 Pioneer Road for S$32 million to GKE Corp.

The property is a four-storey warehouse with a seven-storey ancillary office within the Jurong Industrial Estate, and has a gross floor area of 26,114 square metres.

...read more on The Business Times

Temasek-backed Mapletree evaluating India office Reit listing: sources

Mapletree Investments is evaluating a plan to list part of its India office portfolio through a real estate investment trust (Reit) as it seeks to tap growing investor appetite for commercial properties, people familiar with the matter said.

The unit of Singapore investment agency Temasek Holdings has held talks with banks to put four of its office parks into a Reit, according to the people, who asked not to be identified as the discussions are private.

...read more on The Business Times

Mapletree Industrial Trust to sell Minnesota data centre property for US$9.8 million

Mapletree Industrial Trust (MIT) is set to sell a data centre property in the US for about US$9.8 million in cash after current tenant DataBank Properties gave notice of its intention to exercise an option to purchase the building.

The single-storey facility is located at 3255 Neil Armstrong Boulevard, Eagan, Minnesota. Its lease agreement, dated Mar 18, 2014, included an option for the tenant to purchase the property, said MIT’s manager on Tuesday (Sep 29).

...read more on The Business Times

Keppel REIT to divest T Tower at agreed property value of 348.8 bil won

Keppel REIT will divest its 99.38% interest in T Tower in Seoul at an agreed property value of 348.8 billion won ($326.6 million). Keppel Capital Investment Holdings Pte. Ltd., which holds the remaining 0.62% interest in the property, will also divest its stake.

The sum represents a premium of 37.2% to the property’s purchase price when it was acquired in May 2019 and a 7.4% premium to its valuation as at Aug 31 in local currency terms. Keppel REIT announced that it was acquiring the 28-storey freehold Grade A office building at an agreed property value of 252.6 billion won or $301.4 million at the time. Completed in 2010, the property has a gross floor area of 41,598 sq m and attributable net lettable area of 21,084 sq m. It was 92.1% occupied as at June 30.

...read more on The Edge Singapore

MLT to sell Shanghai property Mapletree Northwest Logistics Park for US$48.2 million

The manager of Mapletree Logistics Trust (MLT) on Monday (Sep 21) said its Mapletree Northwest Logistics Park (Phase 1 and 2) in Shanghai, China is to be sold for 323 million yuan (US$48.2 million), to an unrelated third party.

HSBC Institutional Trust Services (Singapore) – in its capacity as trustee of MLT – has entered into a sale and purchase agreement for the proposed divestment, via its wholly owned subsidiary in China.

A bourse filing noted that the property was acquired by MLT in 2008 and comprises two adjacent phases.

...read more on The Business Times

Suntec Reit to increase Singapore focus, sell three Australia properties

Suntec Real Estate Investment Trust (Suntec Reit) will focus on growing its Singapore assets, while reducing its overseas exposure, starting with Australia, following a strategic review of its portfolio.

“The macroeconomic and political stability, together with the relative strength of the Singapore dollar… continue to support a compelling case for growing Suntec Reit’s investment in Singapore,” said the manager on Monday (Sep 21) in a bourse filing.

At the same time, the Reit manager intends to sell three properties in Australia, at 177 Pacific Highway, 21 Harris Street and 477 Collins Street.

...read more on The Business Times

Why Keppel DC REIT runs its data centres like shopping malls: CEO

For most people, the term data centre brings to mind endless rows of cabinets filled with black boxes and blinking lights, housed inside a vault-like windowless building with few humans.

It sounds like a mundane and soulless real estate business. But there is so much more to a data centre operator than just keeping the servers on 24 hours a day, seven days a week.

Managing a portfolio of these buildings as a successful and profitable real estate investment trust (REIT) means operators have to look beyond simply offering real estate space and sustainable energy solutions to attract customers, as most data centres are already offering them as table stakes.

...read more on The Straits Times

Singapore data centre Reits chase Japan deals as power crunch raises stakes

Singapore-listed data centre real estate investment trusts (Reits) are stepping up their bets on Japan, as surging demand for computing capacity intensifies competition for scarce power-ready assets.

Keppel DC Reit in September proposed to acquire two Tokyo data centres, which would raise Japan’s rental income contribution to 23 per cent, from 9 per cent.

A month earlier, Digital Core Reit agreed to acquire an additional 25 per cent stake in an Osaka data centre, increasing its stake to 45 per cent from 20 per cent.

Analysts said that Japan offers Singapore Reits a combination of scale, market maturity, lower market risk, as well as deeper liquidity, compared with other data centre markets in the region.

...read more on The Business Times

Market Averages

6.3% yield
32.8% discount to NAV

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