REITs

REITs

What’s that REIT really worth?

Valuations of REIT properties — not yields — come under closer scrutiny amid fiasco involving Eagle Hospitality Trust and Covid-19 fallout.

Results

MNACT posts 19.5% fall in 1Q20/21 NPI to $68.5 mil in business update

The manager of Mapletree North Asia Commercial Trust (MNACT) says its financial and operational performances have continued to be impacted by the ongoing Covid-19 outbreak, particularly in Hong Kon

'Virus-resistant' REITs to stay insulated

REITs

'Virus-resistant' REITs to stay insulated

SINGAPORE (July 17): In a webinar held by The Edge Singapore and EdgeProp on July 11, Wong Yew Kiang, head of research at CLSA, gave a quick rundown of the Singapore REIT (S-REIT)

FCT reinforces suburban mall portfolio, remains on analysts' buy lists

REITs

FCT reinforces suburban mall portfolio, remains on analysts' buy lists

SINGAPORE (July 3): On July 1, Frasers Centrepoint Trust (FCT) announced it has exercised its rights of pre-emption under the bye-laws of PGIM Real Estate AsiaRetail Fund (ARF) to acquire another 1

REITs

Ascendas REIT acquires Sydney logistics property for A$23.5 mil

SINGAPORE (July 1): The manager of Ascendas REIT (A-REIT) announced that it has acquired a new logistics property to be developed on Lot 7, Kiora Crescent, Yennora, in Sydney, Australia for a purch

REITs

ARA US Hospitality Trust could raise equity to strengthen capital position

SINGAPORE (June 29): Both Sasseur REIT and ARA US Hospitality Trust could experience revaluation losses this year if their total rental revenues continue to fall.

REITs

Specific triggers lead to outperformance by FLCT and IREIT Global since 1QFY2020 lows

SINGAPORE (June 29): To date, the best performing REIT since the market made its low on March 23 this year is Frasers Logistics and Commercial Trust (FLCT), which was formerly know

Broker's Calls

DBS upgrades ARA Logos to 'buy' amid abating downside risks, steepening yield curves

SINGAPORE (June 16): DBS Group Research has upgraded ARA Logos Logistics Trust (ALLT) to a “buy” from the previous “hold” with a target price of 70 cents, representing a 32% upside for the stock. 

REITs

Underperforming REITs with sound portfolios could play catch-up with the leaders

SINGAPORE (June 12): With DPU uncertain, yield may not be the best indicator of value for REITs. As at March 31, the net asset values of most REITs stayed relatively stable.

Regulatory Action

Eagle Hospitality Trust to 'cooperate fully' with MAS, CAD investigations; MAS reviewing proposed change of manager

SINGAPORE (June 8): Eagle Hospitality Trust (EHT) has confirmed that its current directors of the manager have attended interviews with the Monetary Authority of Singapore (MAS) to assist in invest

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