| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| Elite UK REIT | 0.315 | 9.62% | 30.0% | 37.4% |
| ESR REIT | 2.450 | 9.06% | 2.0% | 41.4% |
| Sasseur Real Estate Investment Trust | 0.690 | 8.90% | 12.7% | 25.4% |
| IREIT Global | 0.183 | 8.80% | 63.6% | 44.7% |
| First REIT | 0.230 | 8.78% | 0.0% | 45.7% |
| All Singapore REITsAll Malaysian REITsAll Thai REITs | ||||
IOI Properties Group Bhd (IOIPG) has gained approval from the Securities Commission Malaysia (SC) to establish and list its real estate investment trust (REIT) on Bursa Malaysia....read more on The Star
In a filing with Bursa Malaysia, IOIPG noted the REIT will debut with an initial fund size of 5.5 billion units, backed by a portfolio of landmark assets valued at RM7.58bil.
Property tycoon Tan Sri Desmond Lim Siew Choon and his wife, Puan Sri Tan Kewi Yong, have transferred all of their units in Pavilion Real Estate Investment Trust’s (KL:PAVREIT) into a vehicle....read more on theedgemalaysia.com
Lim transferred his 845.425 million units, or 21.523% of the REIT’s total units, and Tan transferred her 281.875 million, or 7.176%, to Khuan Choo Assets Sdn Bhd via direct business transactions, according to bourse filings on Thursday.
CapitaLand Ascott Trust (CLAS) has entered into an agreement to acquire Coliwoo Midtown in Singapore at an agreed property value of S$134.0 million. Advancing its portfolio reconstitution strategy, CLAS is acquiring the prime asset at a 4.1% EBITDA yield on a FY 2025 pro forma basis, with proceeds from its divestment of The Robertson House by The Crest Collection (TRH) in Singapore. This entry yield is 180 basis points higher than the 2.3% exit EBITDA yield of TRH....read more on capitaland.com
Separately, Keppel REIT is divesting KR Ginza II in Tokyo, Japan for $90.9m (JPY11.52b), representing a 28.4% premium over its November 2022 purchase price and 9.7% above its latest valuation....read more on sbr.com.sg
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)....read more on The Business Times
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.
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....read more on The Business Times
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).
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)....read more on The Business Times
“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.
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)....read more on The Business Times
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.
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....read more on The Business Times
The data centre operator has filed confidentially for the listing and has started meetings with potential cornerstone investors, the people said.
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....read more on The Business Times
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.