

REITs
REITs
Keppel REIT announces higher 2H2020 and FY2020 DPU, boosted by Aussie acquisition
Keppel REIT’s distribution per unit (DPU) in 2HFY2020 ended December rose 4.6% y-o-y to 2.93 cents, and in FY2020, DPU was 2.7% higher y-o-y to 5.73 cents.
REITs

CapitaLand Integrated Commercial Trust faces challenges as Raffles City valuations take a hit
During a results briefing on Jan 21, Tony Tan, CEO of the manager of CapitaLand Integrated Commercial Trust (CICT), laid out in no uncertain terms the challenges faced by Singapore’s largest REIT.
REITs
ESR-REIT likely to look overseas for growth following FY2020 DPU decline
In a results briefing on Jan 20, Adrian Chui, CEO of ESR-REIT’s manager says that he plans to look overseas for growth some time this year.
REITs
OUE C-REIT to divest 50% interest in OUE Bayfront property for $1.27 bil
The trustee of OUE Commercial REIT (OUE C-REIT), DBS Trustee, has established a limited liability partnership with BPH Propco LLP and ACRE Angsana, a special purpose vehicle (SPV) managed by Allian
REITs

For First REIT investors, it is either restructure or default
Unitholders of First REIT have two options on Jan 19: To vote in favour of the restructuring of the REIT’s Indonesian master leases and a whitewash waiver, or against them.
REITs

Master leases provide stability, but can destroy value
In the initial years, when Singapore’s REIT sector took off, master lease agreements or MLAs were a popular way for owners to monetise their assets.
REITs
Keppel DC REIT increases limit of multicurrency medium term note programme to $2 bil
Keppel DC REIT MTN, a wholly-owned subsidiary of Keppel DC REIT, and issuer of the multicurrency medium term note programme, has increased the limit of the programme from $500 million to $2 billion
REITs
Ascendas REIT completes acquisition of suburban office property in Sydney for $303.3 mil
Ascendas REIT has completed the proposed acquisition of a suburban office property located at 1-5 Thomas Holt Drive in Sydney’s Macquarie Park.
REITs
CapitaLand Retail China Trust divests entire interest in Wuhan entity which holds CapitaMall Minzhongleyuan for $52.6 mil
HSBC Institutional Trust Services, in its capacity as trustee of CapitaLand Retail China Trust (CRCT), has entered into a conditional equity interests transfer agreement to divest its entire equity
REITs
Sponsors of new REIT introduce themselves to investors
Tokyu Land Corp (TLC) and AIP Asset Management (AIP) are planning on introducing themselves to the local investing public as reliable sponsors and managers of REITs and funds.