June 4, 2023 – REITs globally have taken a beating over the past two years as interest rate hikes increased REITs’ cost of financing and the higher yields presented a higher investment hurdle rate to investors. Coupled with slowdowns in selective property sectors such as office, where post-COVID hybrid work arrangements saw a structural decline […]
Commentary: Dasin Retail Trust – Value Investment Or Value Trap? Read More »
June 3, 2023 – DASIN Retail Trust’s (DRT) substantial unitholder Zhang Zhencheng (ZZC) is suing the trustee-manager’s lead independent director Tan Huay Lim (THL) on allegations that Tan’s conduct has been “oppressive” and “prejudicial” to Zhang’s interests. “The board understands that ZZC has alleged, amongst others, that THL has conducted the affairs of the Trustee-Manager
Dasin Retail Trust’s Independent Director Tan Sued By Substantial Unitholder Zhang Read More »
May 13 – OUC C-REIT’s revenue for Q1 2023 increased by 14.9% year-on-year to S$68.4 million mainly driven by higher contributions from Hilton Singapore Orchard and Singapore commercial properties. Net property income increased by 18.0% year-on-year to S$56.6 million. “Looking ahead, the elevated interest rate environment continues to be challenging on interest costs for REITs including OUE
May 13 – Sasseur REIT’s Q1 2023 Distribution Per Unit (DPU) climbed 1.5% year-on-year to 1.849 Singapore cents, its highest since its listing, as it capitalised on China’s consumer spending recovery. Its aggregate leverage was 25.7%, the lowest among Singapore REITs, the report said. Read more here.
Sasseur REIT Records Highest Q1 DPU Since Listing Read More »
April 19, 2023 – China Merchants Commercial REIT (CMC REIT) reported an average occupancy rate of 77.1% as at March 31, 2023, compared with 83.2% a year ago, its manager said in a statement. Passing rent is also down at 161.6 RMB per square meter, compared with 181.1 RMB per square meter a year ago.
China Merchants Commercial REIT Reports Lower Occupancy Rate in Q1 Read More »
CLCT’s 6-Month Net Property Income Down 8.7% Year-on-Year Feb 3, 2023 – CapitaLand China Trust (CLCT)’s six-month to December 2022 Net Property Income (NPI) was RMB570.1 million, 8.7% lower year-on-year, due to higher rental relief on the back of tougher operating conditions, particularly in the fourth quarter, and associated asset enhancement downtime for various malls. Consequent
CLCT’s 6-Month Net Property Income Down 8.7% Year-on-Year on China Read More »
Asia Pacific REITs Outperformed Global REITs in 2022 Led by Singapore Global REITs were down 24% compared to Asia Pacific’s 18% drop in 2022. In December, Hong Kong REITs were the best-performing in the Asia Pacific region. By Patrick Ma, Director, Listed Products and Research, Admiral Investments Jan 4, 2023 – The top 100 most-traded
Sasseur Asset Management’s CFO Was Probed By MAS For Personal Securities Trading Dec 8, 2022 – The manager of Sasseur REIT said it had been notified by Xie Jianfeng, the Chief Financial Officer of the Manager, that he was required by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department to attend an interview which took
Sasseur Asset Management’s CFO Was Probed By MAS For Personal Securities Trading Read More »
The Hongkong And Shanghai Hotels, Limited – A Potential Proxy To China’s Reopening The hotel chain’s performance could shed light on how China’s reopening could impact hospitality REITs. Dec 5, 2022 – Best known for the Peninsula Hotel chain, The Hongkong and Shanghai Hotels, Limited derived over 70% of revenue from the hotel segment pre-COVID.
The Hongkong And Shanghai Hotels, Limited – A Potential Proxy To China’s Reopening Read More »
Hong Kong And China REITs Climb On China’s Relaxed Covid Stance The best-performing REITs was Yuexiu REIT, which climbed 41.5% in November. CapitaLand China Trust rose 20.3%. By Patrick Ma, Director, Listed Products and Research, Admiral Investments Dec 3, 2020 – Hong Kong and China REITs led gains in Asia Pacific in November after the
Hong Kong And China REITs Climb On China’s Relaxed Covid Stance Read More »