REIT Oracle

Your data source for Singapore's REITs.

Top 5 Yielder	Last	Yield	Disc. to NAV	Gearing
ESR REIT	2.000	11.09%	17.7%	44.1%
First REIT	0.183	11.04%	20.4%	45.7%
Sasseur Real Estate Investment Trust	0.600	10.75%	26.8%	25.6%
United Hampshire US REIT	0.430	10.37%	41.1%	39.7%
Elite UK REIT	0.305	9.97%	30.7%	34.6%
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Daiwa House Logistics Trust proposes to divest DPL Sendai Port, buy Hiroshima facility

The manager of Daiwa House Logistics Trust announced on Friday (Oct 30) its proposal to divest DPL Sendai Port and use part of the proceeds to acquire DPL Hiroshima Itsukaichi Port.

In an evening bourse filing, the manager wrote that the divestment consideration for DPL Sendai Port amounts to 13.5 billion yen (US$85.8 million), representing a premium of 2.7 per cent above the average of two independent valuations of 13.15 billion yen, as at Sep 30.

...read more on The Business Times

Keppel REIT to acquire 51% stake in Keppel South Central for $610.9 mil

Keppel REIT is acquiring a 51% stake in Keppel South Central from its sponsor, Keppel, for $610.9 million. The agreement was negotiated at an agreed property value of $626.2 million, which translates to around $2,350 per square foot (psf) on a 70-year leasehold basis.

According to an Oct 20 bourse filing by Keppel REIT, the initial property yield will be at 4.3%, which includes income support of $2.23 million for up to five years, to be arranged by Keppel.

...read more on The Edge Singapore

CapitaLand India Trust unveils US$203.2 million Chennai data centre

CapitaLand India Trust has launched a new data centre in Chennai entailing an investment of about 19.4 billion rupees (US$203.2 million), even as its sponsor and manager expands its digital infrastructure footprint in India.

CapitaLand Data Centre Chennai 01, Clint’s first data-centre development in the state of Tamil Nadu, will have a gross power capacity of 53 megawatts (MW) when completed by the end of 2026.

...read more on The Business Times

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

Market Averages

6.3% yield
33.1% discount to NAV

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