REIT Oracle

Your data source for Singapore's REITs.

Top 5 Yielder	Last	Yield	Disc. to NAV	Gearing
Elite UK REIT	0.310	9.77%	31.1%	37.4%
First REIT	0.230	9.09%	5.8%	44.6%
Sasseur Real Estate Investment Trust	0.685	8.96%	13.3%	25.4%
ESR REIT	2.450	8.94%	2.8%	44.3%
Daiwa House Logistics Trust	0.485	8.93%	23.0%	40.6%
All Singapore REITs All Malaysian REITs All Thai REITs

One Raffles Quay floated as possible divestment for Suntec Reit

One Raffles Quay could be a candidate for divestment, the manager of Suntec Real Estate Investment Trust : T82U +0.66% (Reit), which owns one-third of the building, said at an earnings briefing on Friday (Jul 24).

The comment was in response to analysts’ questions on whether the prime Grade A office asset in the Central Business District could be put on the market if the Reit were to sell a Singapore asset.

...read more on The Business Times

ESR-Reit proposes to buy additional logistics asset in Australia for US$36.7 million

ESR Real Estate Investment Trust (ESR-Reit) has proposed to buy a freehold logistics property in Melbourne, Australia, for A$52.5 million (US$36.7 million), adding to its recently proposed acquisition of five freehold logistics properties in the vicinity.

The combined six-property portfolio acquisition is expected to be around 5.1 per cent distribution per unit (DPU) accretive on a pro forma basis, the Reit’s manager said on Thursday (Jul 23).

...read more on The Business Times

Keppel DC Reit prepares Singapore data centre for potential redevelopment; H1 DPU up 11.3%

Keppel DC Reit plans to gradually vacate its Keppel DC Singapore 1 (KDC SGP 1) data centre for a potential redevelopment, said its management on Thursday (Jul 23).

“For the KDC SGP 1, we are making preparations for a potential redevelopment of the asset,” said Loh Hwee Long, CEO of the manager of the real estate investment trust (Reit) during an earnings call.

...read more on The Business Times

MLT to divest China warehouses valued at US$107 million to Mapletree's RMB fund, Changi South property for S$16.6 million

Mapletree Logistics Trust (MLT) has entered into agreements for the divestment of two China warehouses for a total of 724 million Chinese yuan (US$107 million).

It is also divesting a property in Singapore at 39 Changi South Avenue 2 for S$16.6 million.

The trust’s manager announced the proposed divestments in separate bourse filings on Wednesday (Jul 22). These are in line with continued portfolio rejuvenation efforts, it said.

...read more on The Business Times

Blackstone-backed AirTrunk eyes September, October launch for US$1.5 billion Singapore Reit IPO, sources tell Reuters

Blackstone-backed AirTrunk is targeting a September or October launch for an initial public offering of a Singapore real estate investment trust that could raise about US$1.5 billion, two people with direct knowledge of the matter said.

The data centre operator has filed confidentially for the listing and has started meetings with potential cornerstone investors, the people said.

...read more on The Business Times

CapitaLand Ascendas Reit to divest Kim Chuan Telecommunications Complex for more than twice its acquisition price

CapitaLand Ascendas Reit (Clar) is divesting Kim Chuan Telecommunications Complex, a 10-storey data centre, for about S$200.4 million to an unrelated third party.

The sale consideration is more than double the S$100 million that Clar paid for the property at 38 Kim Chuan Road when it acquired it in March 2005.

...read more on The Business Times

JD.com-Backed Group Is Said Near to REIT IPO Filing in Singapore

A group including JD.com Inc.’s asset management arm and Switzerland’s Partners Group Holding AG is preparing to file confidentially for an initial public offering of a real estate investment trust in Singapore, people with knowledge of the matter said.

The REIT, which will also have Southeast Asian assets of Hillhouse-backed EZA Hill Property Management Pte, could raise about S$1 billion ($775 million) in an IPO, Bloomberg News reported in March. Bank of America Corp., DBS Group Holdings Ltd. and UBS Group AG are working on the deal.

A draft registration is likely to soon be submitted to the Monetary Authority of Singapore and local stock exchange, according to the people, who asked not to be identified because the information isn’t public. Considerations are ongoing and timings might change, they said.

...read more on Bloomberg

AIMS APAC REIT to acquire freehold industrial property in Perth, Australia for A$42.7 mil

AIMS APAC REIT (AA REIT) announced that it has entered into a contract of sale with an unrelated third party to acquire the property located at 398 Bushmead Road and 286 Stirling Crescent, Hazelmere, Western Australia, comprising two adjoining freehold land plots.

The total acquisition outlay comprises a purchase consideration of A$42.7 million ($38.43 million), which is subject to completion adjustments which are not material, according to the REIT manager.

...read more on The Edge Singapore

ESR-Reit proposes to buy 5 logistics assets in Australia for US$192.4 million

ESR Real Estate Investment Trust (ESR-Reit) has proposed to buy five freehold logistics properties in Melbourne, Australia, for A$276.8 million (US$192.4 million).

The acquisition would increase its distribution per unit (DPU) by 4.3 per cent on a pro forma basis, the Reit’s manager said on Tuesday (Jul 7).

The net purchase consideration represents a 1.9 per cent discount to the market valuation of the properties.

...read more on The Business Times

Elite UK Reit sells four Wales properties for US$8 million

The manager of Elite UK real estate investment trust (Reit) on Friday (Jul 3) announced the divestment of four properties located in Wales for a total sale consideration of £6 million (US$8 million).

The properties were sold to an unrelated third-party purchaser through the Reit’s wholly owned subsidiaries, Elite Gemstones Properties and Elite Amphora.

The divested portfolio consists of assets located at High Street, Swansea; Windsor Road, Neath; Oldway House, Swansea; and Station Road, Port Talbot.

...read more on The Business Times

Market Averages

5.5% yield
25.9% discount to NAV

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