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S-REITs in 'flurry' of M&A activities, BOE may deploy negative interest rates: UOB Kay Hian

Jovi Ho
Jovi Ho10/6/2020 12:51 PM GMT+08  • 2 min read
S-REITs in 'flurry' of M&A activities, BOE may deploy negative interest rates: UOB Kay Hian
The analysts are maintaining their “overweight” call on the sector.
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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

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