---
title: S-REITs - Week 45 - 2025
description: Stay updated on the latest performance and key highlights of S-REITs for Week 44 of 2025, including business updates and financial results from top REITs.
---

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[S-REIT Weekly Recap](https://reitsavvy.com/insights/tag/s-reit-weekly-recap), [2025](https://reitsavvy.com/insights/tag/2025)

# S-REITs - Week 45 - 2025

[By- REITsavvy Team,](https://reitsavvy.com/insights/author/reitsavvy-team)

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Let's have a quick dive into this week REITs update from Elite UK REIT, Landlease Global Commercial REIT, Frasers Logistics & Commercial Trust, AIMS APAC REIT

**S-REITs Recap - Week 45**

** 3 Nov - 9 Nov 2025**

| ** Elite UK REIT** |
| --- |
| **( YTD: +20.34% \| 5D: -1.39%)** |
| 4 Nov - 3Q 2025 Business Update - **Key Highlights** - Occupancy improves 32 basis points to 98.6% since 1Q 2025 - Interest coverage ratio rises to 2.7 times from 2.5 times from interest rate optimisation over 9M 2025 - Higher revenue driven by rental reversions for three properties2 and an acquisition of three properties in June 2025 -  Completes positive pre-planning consultation for Cambria House, Cardiff, for conversion into purpose-built student accommodation (“PBSA”) after receiving planning approvals for Lindsay House, Dundee For more information, please click [here](https://investor.eliteukreit.com/newsroom/20251104_072545_MXNU_N2THT065Q51H8IFQ.1.pdf) |

| ** Landlease Global Commercial REIT** |
| --- |
| **( YTD: +14.55% \| 5D: -1.56%)** |
| 5 Nov - Lendlease REIT to Acquire 70% Interest in PLQ Mall For more information, please click [here](https://www.lendleaseglobalcommercialreit.com/siteassets/investor-centre/newsroom/announcements/2025/11/lendlease-reit-to-acquire-70-interest-in-plq-mall.pdf) 6 Nov - Successful Private Placement Approximately 3 times Covered Key Highlights - Private placement was upsized to approximately S$280 million from the initial S$270 million. - Issue price of S$0.602 per New Unit represents a discount of 3.7% to the adjusted volume- weighted average price (“Adjusted VWAP”)1 . For more information, please click [here](https://www.lendleaseglobalcommercialreit.com/siteassets/investor-centre/newsroom/announcements/2025/11/successful-private-placement-approximately-3-times-covered.pdf) |

| ** Frasers Logistics & Commercial Trust** |
| --- |
| **( YTD: +7.95% \| 5D: +0.52%)** |
| 7 Nov - FY2025 Key Highlights - Average portfolio rental reversions of +5.0% (incoming rent vs. outgoing rent basis) and +29.5% (average rent vs. average rent basis) achieved for FY2025 - Completed ~510,300 sq m of leasing in FY2025, improved overall portfolio occupancy of 95.1% with a higher WALE of 4.8 years as at 30 September 2025 as compared to 30 September 2024 - Healthy aggregate leverage of 35.7% as at 30 September 2025, with interest coverage ratio of 4.3 times For more information, please click [here](https://flct.frasersproperty.com/newsroom/20251107_074306_BUOU_WKFS34K5F6T83U1G.3.pdf) |

| ** AIMS APAC REIT** |
| --- |
| **( YTD: +12.80% \| 5D: +2.17%)** |
| 5 Nov - Half Yearly Results - Net Property Income 1.1% higher YoY to S$68.4 million for 1H FY2026, with Distributions to Unitholders increasing by 1.6% YoY to S$38.6 million - Maintained high portfolio occupancy of 93.3%1 and achieved positive rental reversions of 7.7%2 for 1H FY2026 - Resilient balance sheet with aggregate leverage of 35.0% provides headroom for organic growth initiatives and acquisitions - Portfolio rejuvenation to drive sustainable income growth over the long term following comprehensive refurbishment of existing warehouse to support global storage occupier requirements and to meet BCA GreenMark Gold Plus certification - Proposed acquisition of the Framework Building at strategic city fringe location near MRT interchange and Pan Island Expressway will enhance portfolio resilience with strong rental visibility via anchor lease and future value-add potential - Successfully commissioned Phase 2 solar installations at three properties in Singapore, advancing AA REIT’s sustainability commitment For more information, please click [here](https://investor.aimsapacreit.com/newsroom/20251105_072150_O5RU_86IEGE3P62CMC3QB.1.pdf) |

| **Recent Article** |
| --- |
|   # S-REITs Opportunity After Rate Cut & Case Study of Sasseur REIT **Tiger Live Stream Re-cap** --- Kenny recently held a Live Stream Webinar on Tiger - To The Moon platform, with the topic 'S-REITs Rebound? Yield, Value and Outlook after Interest Rate Cuts — Insights with Sasseur REIT'. And together with him was, Cheng Hsing Yuen, Income CEO of Sasseur REIT. Click here for the full details [here](https://reitsavvy.com/insights/s-reits-opportunity-after-rate-cut-case-study-of-sasseur-reit)  |

| **STI Index constituents** |
| --- |
| **REITs in STI** |
| Frasers Centrepoint Trust 18 Mar 2024 |
| CapitaLand Ascendas REIT |
| CapitaLand Integrated Commercial Trust  |
| Frasers Logistics & Commercial Trust |
| Mapletree Industrial Trust |
| Mapletree Logistics Trust |
| Mapletree Pan Asia Commercial Trust |
| Keppel DC REIT 23 Jun 2025 |
|   |
| **REITs in STI Reserve List** |
| Keppel REIT |
| Suntec REIT |

| **REITracker Highlights** |  |
| --- | --- |
| **REIT Name** | **Status** |
| Keppel Pacific Oak US REIT | Halt Dividend since 14 Feb 2024 |
| Manulife US REIT | Halt Dividend since 14 Aug 2023 |
| Sabana REIT | Proposed Internalization is in progress since 17 Aug 2023 |
| Lippo Malls Indonesia Retail Trust | Halt Dividend since 20 Mar 2023 |
| EC World REIT | Halt Trading since 31 March 2023 |
| Eagle Hospitality Trust | Halt Trading since 24 March 2020 |
| Paragon Reit | Delisted on 6 Jun 2025 |
| CapitaLand Ascott Trust | Removed from STI Reserve list on 22 Sept 2025 |

| **Exclusive REITsavvy Newsletter** |
| --- |

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