Price Gap Has Widened Between Listed And Unlisted Australian REITs: S&P March 11, 2023 – Investors have begun to cash out of wholesale Australian funds at favourable prices, rotating capital into discounted public markets. This rotation will weigh on credit quality as wholesale funds seek to divest assets or use debt to fund redemptions, according …
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Japan’s REITs Up In February, HK And Singapore Down On Fundraising By Patrick Ma, Director, Listed Products and Research, Admiral Investments March 4, 2023 -Asia Pacific’s top-100 most-traded REITs dropped 4.5% but outperformed equities in February, which came under pressure due to concerns that higher interest rates will impact global economic growth. Japanese REITs were …
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Asia Pacific REITs Reverse Gains Made In January As Hotels, Retail Fall Healthcare and residential REITs fell less By Jeroen Vreeker, Managing Director at Global Property Research March 2, 2023- February’s market action was a reversal from January 2023’s. The GPR/APREA Composite REIT Index declined (-4.5%) in the calendar year’s second month, in sharp contrast …
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EC World REIT Q4 2022 Net Property Income Down 10% on Weaker RMB Feb 23, 2023 – EC World REIT three months to December 2022 net property income (NPI) fell 9.9% year-on-year to S$25.97 million. For the quarter that ended December 2022, the gross revenue and NPI were negated by the weaker RMB and the …
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Moody’s Assigned Baa1 Foreign Currency Issuer Rating to MPACT. Feb 9, 2023 – Moody’s Investors Service has assigned a Baa1 foreign currency issuer rating to Mapletree Pan Asia Commercial Trust (MPACT). MPACT’s Baa1 issuer rating reflects the company’s strong operating performance through the years from a portfolio of good-quality assets in Singapore and North Asia; …
Moody’s Assigned Baa1 Foreign Currency Issuer Rating to MPACT. Read More »
ESR LOGOS REIT Prices Private Placement Issue At S$0.33, Preferential Offering At S$0.325 Feb 19, 2023 – The private placement was approximately three times subscribed, with two-thirds allocated to long-only institutional investors, real estate specialists and existing investors, according to a company statement. The issue price per new unit was fixed at S$0.330 per unit, …
SABANA Gets Offer From Substantial Shareholder Volare Group Jan 23, 2023 – SABANA Industrial Reit’s substantial shareholder Volare Group has launched a voluntary conditional offer to buy an additional 10% per cent of Sabana units at S$0.465 per unit. The offer represents a 9.4% premium to the weighted average price unit of S$0.425 at the …
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Asia Pacific’s REITs Close 2022 In The Red With Industrials The Worst Hit The hotel sector was the best performing for the year following an impressive 10.6% gain in December.. By Jeroen Vreeker, Managing Director at Global Property Research Jan 4, 2023- 2022 was tumultuous; characterised by geopolitical tensions, interest rate hikes and inflation concerns. A …
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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 …
