REIT Oracle

Your data source for Singapore's REITs.

Top 5 Yielder	Last	Yield	Disc. to NAV	Gearing
Sasseur Real Estate Investment Trust	0.630	9.74%	20.3%	25.1%
ESR REIT	2.300	9.53%	9.8%	43.4%
Elite UK REIT	0.325	9.32%	18.8%	40.7%
Stoneweg Europe Stapled Trust	1.500	8.93%	26.1%	38.0%
Daiwa House Logistics Trust	0.490	8.84%	24.6%	40.2%
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Lendlease Reit preferential offering undersubscribed with 62.2% take-up

A recent preferential offering for Lendlease Global Commercial Reit, to raise S$196.6 million to pay for its PLQ Mall stake buy, was only 62.2 per cent subscribed in what is a rare undersubscription.

At the issue price of S$0.558 per unit, the joint underwriters – DBS, OCBC and UOB – will have to procure subscribers for S$74.3 million worth of stock or take up the 133.2 million unsubscribed units themselves.

The real estate investment trust (Reit) is using the proceeds from the offering to take control of its remaining 30 per cent stake in PLQ Mall, giving it full ownership and operational control of the asset. The remaining funds are earmarked to cover related transaction costs and pare down existing debt.

...read more on The Business Times

Mapletree Logistics Trust to acquire Mumbai warehouse for S$53.6 million

Mapletree Logistics Trust (MLT) has entered into an agreement to acquire a Grade A warehouse in Bhiwandi, Mumbai, for about 3.89 billion rupees (S$53.6 million), the manager announced on Saturday (Mar 21).

The transaction marks the trust’s first expansion into the Mumbai logistics market.

The acquisition involves the purchase of an investment holding company and a property holding company from unrelated third parties.

...read more on The Business Times

Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million

Property group Hongkong Land has acquired a 10.8 per cent stake in Suntec Real Estate Investment Trust (Reit) from ESR for S$541 million, in its drive to grow its presence in Singapore’s prime commercial sector.

In a statement on Thursday (Mar 19), Hongkong Land said the acquisition will enable the group to deploy recently recycled capital into prime, income-producing commercial assets in the city-state.

...read more on The Business Times

Malaysia stops giving preferential rate for REIT withholding tax

Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.

The previous concessionary rate of 10% for most non-corporate investors has ceased to apply beginning 2026, according to the Inland Revenue Board Practice Note 2/2026. Malaysians will be taxed based on prevailing individual rates with no withholding tax deduction.

...read more on theedgemalaysia.com

Tang Organization to conduct strategic review of Suntec Reit

Tang Organization, the new sponsor of Suntec Real Estate Investment Trust (Reit), on Tuesday (Mar 17) said it plans to “undertake a comprehensive strategic review” of the trust’s portfolio.

This follows its takeover of the manager ESR Trust Management (Suntec) from ESR Asset Management, which was completed on Tuesday.

The review aims to “strengthen portfolio performance and enhance capital efficiency”; it will also explore “disciplined approaches to asset optimisation and recycling”.

...read more on The Business Times

Proposed sale of Hyatt Place Memphis Primacy Parkway terminated, says Acrophyte Hospitality Trust

The proposed sale of the 126-room Hyatt Place Memphis Primacy Parkway has been terminated by the purchaser, Shivam Patel, announced Acrophyte Hospitality Trust on March 16.

The purchaser terminated the agreement via written notice before the expiry of the due diligence period, which had been mutually extended to March 16. The earnest money deposit of US$100,000 ($128,157.50) has been refunded.

...read more on The Edge Singapore

Stoneweg Europe Stapled Trust acquires temperature-controlled facility in the Netherlands

Stoneweg Europe Stapled Trust (SERT) has completed the acquisition of a freehold temperature-controlled logistics property in Waddinxveen, the Netherlands, for EUR35.0 million (approximately SGD51.7 million), marking the trust's first property purchase since 2022.

The asset, located at Transportweg 23-25 in the Distripark A12 logistics zone, was acquired from ASELI Waddinxveen B.V. off-market at a price approximately 8.0% below an independent valuation by JLL and some 37.0% below its estimated reinstatement cost of EUR55.8 million.

...read more on REITsWeek

UI Boustead Reit IPO public tranche 2.9 times subscribed

The public tranche of UI Boustead Real Estate Investment Trust’s (Reit) initial public offering (IPO) – the first mainboard and Reit listing on the Singapore Exchange in 2026 – was 2.9 times subscribed, its manager said on Wednesday (Mar 11).

The IPO of 677.2 million units at S$0.88 apiece – excluding the allotment option – comprised a public offer of 33.9 million units and an international placement of 643.3 million units.

...read more on The Business Times

Gordon Tang-owned Acrophyte's S$190 million purchase of Suntec Reit manager gets MAS nod

Property tycoon Gordon Tang’s Acrophyte Asset Management has received approval from the Monetary Authority of Singapore to acquire ESR Trust Management (Suntec), the manager of Suntec Real Estate Investment Trust (Reit).

ESR Trust Management (Suntec) said in a bourse filing on Monday (Mar 9) that the completion of the acquisition is targeted for Mar 17.

...read more on The Business Times

Ascendas Hospitality Reit loses S$6.2 million hotel refurbishment claim against Park Hotel liquidators

The Court of Appeal has rejected S$6.2 million from Ascendas Hospitality Reit’s (AH-Reit) S$32.1 million claim against the shuttered Park Hotel Clarke Quay, finding that the income losses arising from a voluntary refurbishment exercise are not recoverable from a defaulting tenant.

AH-Reit has since been absorbed into CapitaLand Ascott Trust, following Ascendas Hospitality Trust’s merger with Ascott Residence Trust in December 2019.

...read more on The Business Times

Market Averages

5.4% yield
30.5% discount to NAV

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