November 18, 2023 – CBRE Asia Pacific Cap Rate survey for the third quarter showed that investor risk appetite remains low amid a delayed recovery in investment activity. A majority of respondents expect a recovery from Q2 2024 onwards with the potential for an interest rate cut in the first half of 2024 seen as …
Nov 7, 2023 – Fraser Hospitality Trust (FHT)’s second-half net property income rose 19.5% year-on-year to S$45.3 million, according to a company statement. Continued recovery in global tourism and the growing events and MICE (meetings, incentives, conferences and exhibitions) segments in various cities saw FHT’s gross revenue increase by 17.8% year-on-year to S$61 million. It …
Fraser Hospitality Trust’s H2 Distribution Per Security Rises 26.4% To S$1.1777 Read More »
By Patrick Ma, Director, Listed Products and Research, Admiral Investments Nov 7, 2023 – The theme of a “higher for longer” interest rate outlook remained dominant in October for the global capital markets, especially following the release of the September FOMC meeting minutes that suggested higher interest rates might be necessary to cap inflation at …
Global REITs Down 5% in Oct, Underperforming Equities; Japan REITs Showed Resilience Read More »
Nov 5, 2023 – ESR- LOGOS REIT has completed the divestments of 70 Seletar Aerospace View for a sale consideration of approximately S$7.1 million, representing a 4.8% premium to valuation, and 2 Tuas South Avenue 2 for a sale consideration of S$53.0 million, representing a 35.2% premium to valuation, its manager said. Following the completion …
ESR-Logos REIT Completes Divestments In Singapore For S$60 Million Read More »
Nov 4, 2023 – Frasers Logistics & Commercial Trust (FLCT) reported revenue of S$212.8 million and adjusted net property Income of S$155.5 million for the six months ended September 30, 2023, representing decreases of 0.8% and 4.0% respectively, from S$214.5 million and S$162.1 million in the same period last year. The year-on-year decreases were mainly due …
Frasers Logistics & Commercial Trust Second-Half DPU Down 6.6% Read More »
By Jerone Vreeker, Managing Director at Global Property Research Nov 5, 2023 – Asia Pacific REITs slumped to another ss in October 2023 in USD terms, which brought the total return performance to -13.4% so far this year. As was the case in the preceding month, the relevant countries recorded losses across the board, ranging …
October 13 – CapitaLand China Trust (CLCT) has priced its inaugural CNY600 million (S$112 million) free trade zone offshore CNY bonds due 2026, its manager said. This transaction marks CLCT’s first issuance of bonds denominated in CNY within the China (Shanghai) Pilot Free Trade Zone. The Bonds have a tenor of three years with a coupon …
CapitaLand China Trust Issues CNY Bonds Within China Pilot Free Trade Zone Read More »
By Patrick Ma, Director of Listed Products, Admiral Investments Oct 5, 2023 – Asia Pacific’s top 100 most traded REITs dropped 5.3% in September, underperforming the region’s equities but outperforming global REITs, as inflationary pressure raised the prospects of more interest rate increases. Although the US Fed Fund rate had risen more than 500 basis …
AsiaPac REITs Down 5.3% in September, Australia Worst Hit Read More »
Sept 1, 2023 – Mapletree Logistics Trust (MLT) plans to sell Moriya Centre in Japan for JPY10,030 million, or approximately S$95.5 million, its manager said in a statement. Located in Moriya, Ibaraki, the property comprises three blocks of four-storey industrial buildings and ancillary offices with an average age of 17 years and a total net lettable …
Mapletree Logistics Trust To Sell Japan Property For S$95.5 Million Read More »