| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| Elite UK REIT | 0.315 | 9.62% | 30.0% | 37.4% |
| First REIT | 0.225 | 9.29% | 7.9% | 44.6% |
| Daiwa House Logistics Trust | 0.480 | 9.02% | 23.8% | 40.6% |
| Sasseur Real Estate Investment Trust | 0.690 | 8.90% | 12.7% | 25.4% |
| IREIT Global | 0.185 | 8.67% | 63.0% | 44.7% |
| All Singapore REITsAll Malaysian REITsAll Thai REITs | ||||
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.
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....read more on Bloomberg
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.
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....read more on The Edge Singapore
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.
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)....read more on The Business Times
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.