( YTD: +8.47% | 5D: +0.00%)

1 Jul - Entry Into New Property Management Agreement

• In connection with the Proposed Acquisition, instead of entering into the Novation Agreement, the Elite Buyer has entered into a new property management agreement with the Manager and Elite Real Estate Services UK Ltd (the “Property Manager”, and the new property management agreement, the “New Property Management Agreement”). The New Property Management Agreement is effective from the date of completion of the Proposed Acquisition for a period of 5 years and will expire on 19 June 2030.

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( YTD: +5.21% | 5D: -2.20%)

2 Jul - Pursuant To The S$3,000,000,000 Multicurrency Debt Issuance Programme

• Further to the announcement dated 24 June 2025 in relation to the above subject matter, Frasers Centrepoint Asset Management Ltd. (in its capacity as the manager of Frasers Centrepoint Trust ("FCT")) wishes to announce that HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of FCT) (the "Issuer") has today issued S$200 million in aggregate principal amount of 3.98 per cent. subordinated perpetual securities comprised in Series 003 (the "Series 003 Securities") under the Issuer's S$3 billion Multicurrency Debt Issuance Programme established on 8 February 2017 (the "Programme").

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• Keppel DC REIT
  • Keppel DC REIT will replace Jardine Cycle & Carriage (C&C) on the Straits Times Index (STI) after a quarterly review, effective June 23.
    
    
• Paragon REIT
  • Paragon Reit is set to be delisted from the Singapore Exchange, effective 9am on June 6, 2025.

Singapore REITs Monthly Update (19 Jun 2025)

Technical Analysis of FTSE ST REIT Index (FSTAS351020)

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 631.68 to 638.78 (+1.12%) compared to last month's update. It has continued to trade between 622 and 200D SMA (658 currently) following the April flash crash caused by “Liberation Day” announced by US President Donald Trump. Immediate support is at 622, tested 4 times between April 2024 and most recently on 15th May.

•    Short-term direction: Sideways
•    Medium-term direction: Sideways
•    Long-term direction: Sideways
•    Immediate Support: Blue Support Line (622), followed by 586 (Mar 2020 crash)
•    Immediate Resistance: 200D SMA

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