Japan-listed One REIT has lost the lease of a major tenant that previously occupied more than 1% of its overall leasable area. The lease in question was at ONEST Nagoya Nishiki Square, an eight-storey mid-sized office building in Nagoya City. One REIT is a Tokyo Stock Exchange (TYO)-listed REIT that owns a portfolio of office and commercial assets across Japan. Dear members, please login to continue reading this article. Login or sign-up for a free 25-day trial here. Why subscribe ..read more

The sponsor of Sabana REIT, ESR Group, has filed an application in the High Court of Singapore to block an upcoming extraordinary general meeting (EGM) that is due to be held on 24 May. This is the second incident in which ESR Group has tried to block an EGM from taking place. Dear members, please login to continue reading this article. Login or sign-up for a free 25-day trial here. Why subscribe ..read more

Mapletree Logistics Trust (MLT) was the top Singapore Exchange (SGX)-listed REIT acquired by institutional investors last week in terms of net fund inflows. The inflow came amid renewed hopes that the US Federal Reserve will start trimming its benchmark lending rates on cooler-than-expected job growth numbers. MLT is a Singapore-heavy REIT that owns a portfolio of mostly logistics assets across the country and the wider Asia-Pacific region. Related: CapitaLand Ascendas REIT sees SGD27 million rout of institutional funds Dear members, please login to continue reading this article. Login or si ..read more

Singapore-listed warehouses-heavy REIT Mapletree Logistics Trust (MLT) is divesting its asset at 30 Tuas South Avenue 8 for SGD10.5 million. The asset is being divested to an unrelated third party and the transaction has received in-principle approval from industrial regulator JTC Corporation. 30 Tuas South Avenue 8 is a part single-storey, part two-storey warehouse with a building age of over 25 years. It has a net lettable area of approximately 5,233 square metres. The sale price of SGD10.5 million is 10.5% above the latest valuation of SGD9.5 million as at 31 March 2024, said the REIT. “The ..read more

OUE REIT has moved to bolster its position as the only branded hotel in eastern Singapore by enhancing its sole asset in the area. The pipeline of assets for which it has a right-of-first refusal (ROFR) was also expanded recently, which will further enhance the REIT’s dominance over the Changi Airport area. OUE REIT is a Singapore-heavy REIT that owns a portfolio of office, hospitality and retail assets across the country. Besides Singapore, the REIT also owns a 36-storey Grade A office tower in China. Dear members, please login to continue reading this article. Login or sign-up for a free 2 ..read more

Sentral REIT disclosed on 8 May that its revenue for 1Q 2024 came in MYR48.117 million. This represents an increase of 27.6% from 1Q 2023. Subsequently, the REIT has reported net income of MYR19.9 million for the quarter. This is an increase of approximately 12.6% from the realised net income of MYR17.77 million recorded in 1Q 2023. The higher income for the quarter was mainly due to higher realised revenue from Sentral Building 4, Platinum Sentral and Sentral Building 3 – BMW as well as revenue contribution from Menara CelcomDigi for the full quarter, said the REIT. This was offset by higher ..read more

AIMS APAC REIT disclosed on 7 May that its gross revenue for FY2024 came in at SGD177.3 million. This is an increase of 5.9% when compared to what was reported in FY2023. As a result, its net property income (NPI) for FY2024 increased by 6.9% year-on-year to SGD131.0 million. However, distribution per unit (DPU) for the year declined by 5.9% to 9.360 Singapore cents owing to the enlarged unit base. This was due to an equity fund raising that was completed in July 2023. As at 31 March 2024, the REIT’s overall portfolio occupancy was at 97.8%. Its aggregate leverage stood at 32.6%. AIMS APAC REI ..read more

CapitaLand Ascendas REIT was the top Singapore Exchange (SGX)-listed stock disposed of by institutional investors last week in terms of net fund outflows. The rout came in the wake of the REIT’s business updates for 1Q 2024, which was released on 22 April. This is the third consecutive week in which CapitaLand Ascendas REIT has emerged as either the top SGX-listed stock or REIT that was disposed of by institutional investors during a trading period. Related: CapitaLand Ascendas REIT sees SGD21.3 million outflow of institutional funds Dear members, please login to continue reading this article ..read more

CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Phoenix Group to acquire IT buildings in HITEC CIty in Hyerabad, India. The assets feature a total leasable area of 2.5 million square feet. HITEC City is a major IT and office hub with many large multinational companies, said CLINT in its 3 May statement to announce the acquisition. As part of the forward purchase arrangement, CLINT will provide funding of INR2.15 billion (SGD34.68 million) to refinance the existing loan and receive interest on the funding at a rate which is higher than its borrowing cost. CLINT ..read more

Lendlease Global Commercial REIT (LREIT) has established a SGD500 million Euro commercial paper programme. The programme was established by DBS Trustee Limited, in its capacity as trustee of LREIT. Under the programme, the Issuer may from time to time issue euro-commercial paper notes in series or tranches, said the REIT. These paper notes may also be issued in currencies such as Euros, Sterling, United States dollars, Japanese Yen, Hong Kong dollars and any other currency agreed between the Issuer and the dealer subject to approvals. The notes will have tenors of not more than 364 days, the R ..read more