Latest news
Mapletree Logistics Trust To Sell Japan Property For S$95.5 Million
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 ...
Abacus Group Reported 14.1% Revenue Increase, Net Profit After Tax Down 95.1% Due to Fair Value Adjustments
August 18, 2023 - Australia's Abacus Group reported a 14.1% increase in revenue to A$400.7 million for the 12 months to June 30, 2023.. This was driven largely by a 17.1% increase in rental income ...
Dexus Sells 1 Margaret Street In Sydney For A$293.1 Million
Dexus announces that it has exchanged contracts to sell 1 Margaret Street, Sydney, an A-grade office building located in the western corridor of the Sydney CBD with a WALE of 2.1 years and occupancy of 93.7% ...
Prime US REIT Exercises Credit Facility Extension Options
July 20, 2023 - Prime US REIT said it has opted to extend the maturities of two tranches of credit facility worth US$600 million to July 2024. Its US$600 million credit facility comprises a US$200 million ...
Mapletree Logistics Trust’s First-Quarter Net Income Falls 3.1%, DPU Up 0.1%
July 28, 2023 - Mapletree Logistics Trust's gross revenue and net property income for the first quarter ended June 30, 2023, declined by 2.9% and 3.1% year-on-year to S$182.2 million and S$158.1 million respectively. This ...
Dasin Retail Trust Posts 2022 Loss of S$278 Million
July 15, 2023 - Dasin Retail Trust reported a loss of S$278 million for the year ended December 2022, compared to a loss of S$49 million in the year before. The trust will not be ...
Laselle LogiPort REIT Issues New Units At Discount to Fund Acquisitions
June 28, 2023 - Laselle Logiport REIT said in a stock exchange filing that new investment units under its primary public offering totalling 78,850 units will be offered at 149,565 yen per unit, a 2.5% ...
Tokyo Office Supply In 2023 To Triple That of 2022: Nikkei Real Estate Report Survey
June 17, 2023 - Tokyo’s 23 wards will see about 1.62 million square metres (sqm) of gross floor office supply in 2023, three times more than 2022, based on a survey conducted by Nikkei Real ...
ESR Kendall Squares REIT To Finalise 127.1 Billion Won (US$97 Million) Logistics Centre Deal
April 25, 2023 - South Korea's ESR Kendall Squares said in a statement that it will own the Incheon Logistics Center in May for 127.1 billion won.ESR Kendall Squares previously announced that it had decided ...
GPR/APREA Composite REIT Index Falls 3.6% In May, Retail, Healthcare Slump
(By Jeroen Vreeker, Managing Director at Global Property Research) June 2, 2023 - The GPR/APREA Composite REIT Index fell 3.6% in May, erasing its April gain. All relevant countries finished in the red, with the ...
Dexus Sells 1 Margaret Street In Sydney For A$293.1 Million
Dexus announces that it has exchanged contracts to sell 1 Margaret Street, Sydney, an A-grade office building located in the western corridor of the Sydney CBD with a WALE of ...
Vicinity Centres’ Peter Huddle Appointed As Chief Executive Officer And Managing Director
Vicinity Centres' Peter Huddle Appointed As Chief Executive Officer And Managing Director Jan 31, 2023 - Vicinity Centres announced the appointment of Mr Peter Huddle as Chief Executive Officer and ...
Dexus Says Six Properties Sold For AU$483 million
Dexus Says Six Properties Sold For AU$483 million Dec 21, 2022 - Australia-listed Dexus said it sold six properties for AU$483 million (US$322.72 million) Dexus has now secured approximately $69 ...
Vicinity Centres’ Q1 FY23 Supported by Retail Resilience
Vicinity Centres' Q1 FY23 Supported by Retail Resilience Oct 28, 2022 - Vicinity Centres announced its quarterly update for the three months ended September 30, 2022. Key highlights Leasing activity ...
Rising Interest Rates A Risk To A-REIT Valuations, S&P Global Ratings Says
Rising Interest Rates A Risk To A-REIT Valuations, S&P Global Ratings Says The ratings agency, however, said REITs in Australia are still well-positioned for higher rates - for now. Analysis ...
Dexus Convenience Retail REIT DPS Up 5.5%
Dexus Convenience Retail REIT DPS Up 5.5% August 8, 2022 - Dexus Convenience Retail REIT (DXC) announced its results for the full year ended June 2022, confirming a distribution of ...
REITS Lag Global Counterparts In Carbon Risk (The Australian Financial Review)
REITS Lag Global Counterparts In Carbon Risk (The Australian Financial Review) June 17, 2022 -(The Australian Financial Review) Australian REITS lag their northern hemisphere counterparts in assessing the embodied carbon ...
Centuria Industrial REIT Takes $20 Million Gain On $13 Million Purchase (Australian Financial Review)
Centuria Industrial REIT Takes $20 Million Gain On $13 Million Purchase (Australian Financial Review) June 3, 2022 - Australian Financial Review recently reported that Centuria Industrial REIT (CIP) has cashed out ...
Vicinity Leverages Sustainability Credentials With Inaugural Green Bond, Closing A A$300 Million (US$215 Million) Issuance
Vicinity Leverages Sustainability Credentials With Inaugural Green Bond, Closing A A$300 Million (US$215 Million) Issuance May 27, 2022 - Vicinity Centres announced its inaugural Green Bond with the issuance of $300 ...
Dexus Convenience Retail REIT Appoints New Fund Manager
Dexus Convenience Retail REIT Appoints New Fund Manager April 20, 2022 - Dexus Asset Management Limited (DXAM) as responsible entity of Dexus Convenience Retail REIT (DXC) announced the appointment of ...
Asia Pac REITs Underperformed Equities In May, Led By Hong Kong’s 10.5% Fall, Japan Outperforms
(By Patrick Ma, Director, Listed Products and Research, Admiral Investments) June 2, 2023 - Global REITs, including Asia Pacific REITs, underperformed equity markets after tech and AI-related stocks climbed. Japan REITs were the best-performing in ...
Japan’s Q3 Real Estate Transaction Volume Down 3%, Falling For The Third Consecutive Quarter
Japan’s Q3 Real Estate Transaction Volume Down 3%, Falling For The Third Consecutive Quarter Gaw Capital, Qatar Investment Authority and Blackstone acquired residential assets. Activities by REIT were subdued in the quarter. Nov 20, 2022 ...
Weak Revenue Dampens Asset Growth For Retail and Hotel J-REITs
Weak Revenue Dampens Asset Growth For Retail and Hotel J-REITs The office property sector was also seen struggling, while construction for residential was strong September 14, 2022 - The lingering effects of the global pandemic ...
J-REITs’ Q2 Property Acquisitions At Lowest Since 2011
J-REITs’ Q2 Property Acquisitions At Lowest Since 2011 The weak REIT market pulled down overall Japan’s property transactions volume as investors restructure their portfolios in light of rising global interest rates and changing market conditions ...
Analysts’ Views Mixed On The Future Of Japan’s Office Rental Market
Analysts’ Views Mixed On The Future Of Japan’s Office Rental Market Experts’ take on the proliferation of remote working set-ups is a significant factor behind the varying views. July 22, 2022 - Experts polled by ...
Japan REITs Clouded By Uncertainty Over Post-Kuroda BOJ (NIkkei Asia)
Japan REITs Clouded By Uncertainty Over Post-Kuroda BOJ (NIkkei Asia) July 5, 2022 - Foreign investors are starting to shun Japanese real estate investment trusts, bracing for a change in the ultraloose monetary policy that ...
United Urban Investment Corporation To Acquire Retail Property
United Urban Investment Corporation To Acquire Retail Property June 28, 2022 - United Urban Investment Corporation announced that Japan REIT Advisors Co., Ltd. (JRA), the asset management company to which United Urban entrusts asset management services, decided ...
Q1 Property Transaction Value In Japan Lowest Since 2013
Q1 Property Transaction Value In Japan Lowest Since 2013 REITs were active in divesting and acquiring new properties as the number of transactions rose by 17%. May 17, 2022 - Real estate transaction volume in ...
Major Companies In Japan Relocate To Smaller Spaces As Staff Return To Work
Major Companies In Japan Relocate To Smaller Spaces As Staff Return To Work This post-Covid-19 trend saw higher vacancy rates for larger offices. But demand for logistics space continues to rise. March 21, 2022 - ...
Office Transactions Led Tokyo’s Real Estate Asset Sales In 2021
Office Transactions Led Tokyo’s Real Estate Asset Sales In 2021 Logistics and retail asset transactions were also up during the year February 15, 2022 - Office building transactions drove the total real estate sales volume ...
Elite Commercial REIT’s Tan Will Continue Current Role Despite Dasin Retail Trust Claim
June 2, 2023 - Elite Commercial REIT's manager said in a statement that Tan Huay Lim, Independent Director and Chairman of the Audit and Risk Committee (ARC) will continue his current role despite a claim ...
Frasers Centrepoint Trust’s H1 Net Property Income Climbs 5.7%, DPU Flat
Frasers Centrepoint Trust's H1 Net Property Income Climbs 5.7%, DPU Flat April 26, 2023 - Frasers Centrepoint Trust (FCT)'s net property income climbed 5.7% to S$137 million in the six months to March 31, 2023 ...
Keppel DC REIT Obtains A$30 Million Loan Facility
Keppel DC REIT Obtains A$30 Million Loan Facility March 1, 2023 - The manager of Keppel DC REIT announced that a wholly-owned subsidiary of Keppel DC REIT, Keppel DC REIT Fin. Company Pte. Ltd., has ...
Moody’s Assigns Baa1 Rating To Mapletree Pan Asia Commercial Trust’s Proposed Medium Term Notes
Moody’s Assigns Baa1 Rating To Mapletree Pan Asia Commercial Trust’s Proposed Medium-Term Notes March 23, 2023 -Moody's Investors Service (Moody's) has assigned a senior unsecured rating of Baa1 to the proposed SGD-denominated notes to be ...
OUE C-REIT Second-Half Net Property Income Rises 8.6%, DPU Down 24.1%
OUE C-REIT Second-Half Net Property Income Rises 8.6%, DPU Down 24.1% Jan 30, 2023 - OUE Commercial REIT's six-month to December 31, 2023, revenue increased 8.0% year-on-year to S$125.7 million while Net Property income improved ...
CapitaLand Ascendas REIT FY2022 DPU Up 3.5%, Occupancy at 10-year High
CapitaLand Ascendas REIT FY2022 DPU Up 3.5%, Occupancy at 10-year High Feb 3, 2023 - CapitaLand Ascendas REIT’s distribution for FY2022 grew 5.4% year-on-year to S$663.9 million, and Distribution per Unit (DPU) rose by 3.5% ...
AIMS APAC REIT Posts 10.2% Growth in DPU For Q3 FY2023
AIMS APAC REIT Posts 10.2% Growth in DPU For Q3 FY2023 Jan 25, 2023 - AIMS APAC's distribution per unit (DPU) for the quarter ended December 2022 climbed 10.2% year-on-year to 2.59 Singapore cents, its ...
Frasers Property Group To Acquire 50% Interest In Suburban Retail Mall NEX For S$652.5 million
Frasers Property Group To Acquire 50% Interest In Suburban Retail Mall NEX For S$652.5 million Jan 25, 2023- Frasers Fraser Property Group will buy a 50% interest in Gold Ridge Pte. Ltd., which holds the ...
Mapletree Logistics Trust Q3 FY22/23 Net Income Up 7.3% year-on-year to S$157.2 million
Mapletree Logistics Trust Q3 FY22/23 Net Income Up 7.3% year-on-year to S$157.2 million Jan 23, 2023 - Mapletree Logistic Trust posted a distributable income of S$107.1 million, 10.8% higher year-on-year, for the quarter that ended ...
Mapletree Logistics Trust Divests Singapore Changi Asset
Mapletree Logistics Trust Divests Singapore Changi Asset Dec 27, 2022 – Mapletree Logistics Trust Management Ltd., the manager of Mapletree Logistics Trust (MLT), said it has agreed to sell 3 Changi South Lane in Singapore at S$22 million ...
Asia Pac REITs Underperformed Equities In May, Led By Hong Kong’s 10.5% Fall, Japan Outperforms
(By Patrick Ma, Director, Listed Products and Research, Admiral Investments) June 2, 2023 - Global REITs, including Asia Pacific REITs, underperformed equity markets after tech and AI-related stocks climbed. Japan REITs were the best-performing in ...
Link REIT Proposes 1-for-5 Rights Issue To Raise HK$18.8 Billion To Strengthen Capital Base
Link REIT Proposes 1-for-5 Rights Issue To Raise HK$18.8 Billion Jan 11, 2023 - The Rights Issue is proposed to be conducted on the basis of one Rights Unit for every five existing Units held ...
Link REIT Buys Two Singapore Retail Assets For S$2.161 Billion
Link REIT Buys Two Singapore Retail Assets For S$2.161 Billion Dec 29, 2022 - Link Asset Management Limited, the manager of Link Real Estate Investment Trust (Link REIT, said it will acquire two suburban retail ...
Link REIT Says It Is “Well-Positioned” to Capture Continued Growth
Link REIT Says It Is "Well-Positioned" to Capture Continued Growth June 2, 2022 - Link Asset Management Limited, (Link) the manager of Link Real Estate Investment Trust, (Link REIT) has announced results for the year ...
Link Taps Yangtze River Delta Logistics Sector
Link Taps Yangtze River Delta Logistics Sector May 13, 2022 - Link Real Estate Investment Trust announced that it has agreed to acquire a 100% interest in a prime logistics portfolio in the affluent Yangtze River ...
Fitch Affirms Link REIT at ‘A’; Outlook Stable
Fitch Affirms Link REIT at 'A'; Outlook Stable May 6, 2022 - Fitch Ratings has affirmed Hong Kong-based Link Real Estate Investment Trust's (Link REIT) Long-Term Issuer Default Rating (IDR) at 'A'. The Outlook is ...
Link REIT Announces New Round Of Tenant Support Scheme
Link REIT Announces New Round Of Tenant Support Scheme February 24, 2022 - Link Real Estate Investment Trust said it is assessing the latest impact of the epidemic with a view to expanding its support ...
Link Appoints Greg Chubb as COO
Link Appoints Greg Chubb as COO January 17, 2021 - Link Asset Management Limited (Link), the manager of Link Real Estate Investment Trust, announced the appointment of Greg Chubb as Chief Operating Officer – International ...
Link REIT’s ESG Evaluation Score Raised By S&P
Link REIT's ESG Evaluation Score Raised By S&P January 13, 2021 - Link Real Estate Investment Trust has received a score of 73 out of 100 from the second S&P Global Ratings ESG Evaluation Report, an improvement compared ...
The Implications Of New Impetus To Reinvigorate The Hong Kong REIT Market
The Implications Of New Impetus To Reinvigorate The Hong Kong REIT Market While Hong Kong has taken steps to revitalise its REIT market, there’s still more to do to catch up with other regional regimes ...
CLMT To Acquire Queensbay Mall In Malaysia Penang For RM990.50 Million (US$210 Million)
CLMT To Acquire Queensbay Mall In Penang For RM990.50 Million (US$210 Million) Nov 9, 2022 – CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust (CLMT), announced the acquisition of 91.8% ...
CapitaLand Malaysia Trust Q3 2022 Net Income Up 105.8%
CapitaLand Malaysia Trust Q3 2022 Net Income Up 105.8% Oct 26, 2022 – CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust (CLMT), announced an increase of 45.9% year-on-year in gross revenue to ...
AME REIT Inks 34 SPAs To Acquire Properties From Various AME’s Units (The Star)
AME REIT Inks 34 SPAs To Acquire Properties From Various AME's Units (The Star) July 20, 2022 - (from The Star) AME Elite Consortium Bhd said AME Real Estate Investment Trust (REIT) has entered into 34 ...
Atrium REIT To Raise RM85.3 Million (US$19.2 Million) To fund Atrium Shah Alam 4 Asset Enhancement (New Straits Times)
Atrium REIT To Raise RM85.3 Million (US$19.2 Million) To Fund Atrium Shah Alam 4 Asset Enhancement (New Straits Times) July 14, 2022 - (from New Straits Times) Atrium Real Estate Investment Trust (REIT) has proposed ...
KIP REIT Announces Maiden RM79 Million (US$17.8 Million) Industrial Asset Deal (The Star)
KIP REIT Announces Maiden RM79 Million (US$17.8 Million) Industrial Asset Deal (The Star) July 13, 2022 - (The Star) KIP Real Estate Investment Trust (KIP REIT) will buy three industrial properties in Pulau Indah Industrial ...
Tower-REIT To Offer Customisable Layouts (The Star)
Tower-REIT To Offer Customisable Layouts (The Star) July 13, 2022 - (The Star) Tower Real Estate Investment Trust (Tower-REIT) is offering customisable office layouts for prospective tenants at Menara HLX in Jalan Kia Peng, Kuala ...
Malaysian REITs A Good Defensive Play, RHB Research Says (The Star)
Malaysian REITs A Good Defensive Play, RHB Research Says (The Star) June 30, 2022 - Despite the current global inflationary environment, RHB Research is turning more positive on the real estate investment trust (REIT) sector ...
KLCCP Stapled Group’s Q1 Revenue Rises On Strong Rebound Of Business Activities
KLCCP Stapled Group's Q1 Revenue Rises On Strong Rebound Of Business Activities KLCCP Stapled Group reported a 13.9% increase in revenue to RM321.7 million (US$73.24 million)with Profit Before Tax (PBT) increasing 15.3% to RM202.5 million ...
Axis REIT Earnings Growth To Be Fuelled By Industrial Assets, Says MIDF Research (New Straits Times)
Axis REIT Earnings Growth To Be Fuelled By Industrial Assets, Says MIDF Research (New Straits Times) April 21, 2022 - Axis Real Estate Investment Trust's (Axis Reit) earnings outlook is expected to remain positive, said ...
Investment Prospects Of Malaysian REITs To Scale Up With Best Practices (New Straits Times)
Investment Prospects Of Malaysian REITs To Scale Up With Best Practices (New Straits Times) April 6, 2022 - Bursa Malaysia saw its first real-estate investment trust (REIT) in 2004, while the first REIT was listed ...
