S-REITs continued to announce yield-accretive acquisitions, while correcting 3% in the latter half of September, note UOB Kay Hian analysts Jonathan Koh, Loke Peihao and Nicola Ho. The analysts are maintaining their “overweight” call on the sector, consistent throughout the healthcare, hospitality, industrial, office and retail subsectors.
UOB Kay Hian analysts note the flurry of M&A activities continues with Mapletree Industrial Trust (MINT) acquiring a data centre and office in Virginia in the US between the range of US$200.6 million to US262.1 million ($272.68 million to $356.27 million), subject to calibration of terms.
See: Frasers Centrepoint Trust raises $575 mil in private placement following announcement
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)