--- title: S-REITs - Week 52 - 2025 description: "Weekly REIT update: Alpha Integrated REIT's cash offer, Daiwa's sustainability-linked loan, and IREIT Global's new term loan. Plus, insights on management efficiency and recent REIT developments." --- [Skip to content](https://reitsavvy.com/insights/s-reits-week-52-2025#main-content) [![op can-4](https://reitsavvy.com/hs-fs/hubfs/op%20can-4.png?width=7114&height=2442&name=op%20can-4.png)](https://reitsavvy.com/) ![menu-toggle](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-toggle.svg) ![menu-close](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-close.svg) ![menu-toggle](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-toggle.svg) ![menu-close](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-close.svg) - [Home](https://reitsavvy.com) - [What's a REIT](https://reitsavvy.com/what-is-reits) - [S-REITs Overview](https://reitsavvy.com/s-reits-overview) - [REITsavvy Subscription](https://reitsavvy.com/reits-screener) - [REITsavvy Screener Login](https://screener.reitsavvy.com/) - [REITsavvy Insights](https://reitsavvy.com/insights) - [Events](https://reitsavvy.com/events) - [About Us](https://reitsavvy.com/about-us) - [Home](https://reitsavvy.com) - [What's a REIT](https://reitsavvy.com/what-is-reits) - [S-REITs Overview](https://reitsavvy.com/s-reits-overview) - [REITsavvy Subscription](https://reitsavvy.com/reits-screener) - [REITsavvy Screener Login](https://screener.reitsavvy.com/) - [REITsavvy Insights](https://reitsavvy.com/insights) - [Events](https://reitsavvy.com/events) - [About Us](https://reitsavvy.com/about-us) [S-REIT Weekly Recap](https://reitsavvy.com/insights/tag/s-reit-weekly-recap), [2025](https://reitsavvy.com/insights/tag/2025) # S-REITs - Week 52 - 2025 [By- REITsavvy Team,](https://reitsavvy.com/insights/author/reitsavvy-team) ![2025_ReitSavvy_Banner](https://reitsavvy.com/hs-fs/hubfs/2025/2025_ReitSavvy_Banner.png?width=762&height=278&name=2025_ReitSavvy_Banner.png) Let's have a quick dive into this week REITs update from Alpha Integrated REIT, Daiwa House Logistics Trust, IREIT Global  **S-REITs Recap - Week 52** ** 22 Dec - 28 Dec 2025** | ** Alpha Integrated REIT previously known as Sabana Industrial REIT** | | --- | | **( YTD: +33.33% \| 5D: +3.23%)** | | 24 Dec - Mandatory Conditional Cash Offer By United Overseas Bank Limited, For And On Behalf Of Mindarie Investment Pte. Ltd. - Holding OFFER PRICE S$0.48 IN CASH FOR EACH OFFER UNIT For more information, please click [here](https://investor.ai-reit.com/newsroom/20251224_124649_M1GU_04CVGJS68SPM8BCW.1.pdf) | | ** Daiwa House Logistics Trust** | | --- | | **( YTD: -2.59% \| 5D: +0.00%)** | | 22 Dec - Daiwa House Logistics Trust Enters Sustainability-Linked S$30 Million Credit Facility - Entered into sustainability-linked S$30 million unsecured revolving credit facility - Established sustainability-linked loan framework - Facility on committed basis underscore DHLT’s credit worthiness For more information, please click [here](https://investor.daiwahouse-logisticstrust.com/newsroom/20251222_172327_DHLU_VRWJJWFL2IQ7CMSV.1.pdf) | | ** IREIT GLOBAL** | | --- | | **( YTD: +1.75% \| 5D: -1.69%)** | | 24 Dec - Grant of two-year €12,500,000 term loan facility City Developments Limited (“CDL”), has granted to the Borrower a two-year €12,500,000 term loan facility.  For more information, please click [here](https://investor.ireitglobal.com/newsroom/20251224_123522_UD1U_QIG7GOD3JLQJR8HU.1.pdf) | | **Recent Article** | | --- | |   # Are S-REIT Manager's Fees Paying Off? Measuring Value Creation with the Management Efficiency Index (MEI) As investors of S-REITs, possibly the singular focus should remain on **Distribution Per Unit (DPU) growth**, not the headline increase in total distribution figures reported by the reits. The reason is simple: when S-REITs utilise equity fundraising to expand their portfolio, the issuance of new units may inflate the total cash distributed by the REITs, but it simultaneously dilutes the DPU, potentially leaving the individual investor no better off. This focus on *sustainable* DPU requires nuance. A decline in DPU is not a concern when it results from non-value events like a stock split or a bonus units issuance, as the investor’s overall entitlement (total cash received) remains unchanged. Conversely, a DPU increase engineered through a reverse unit split provides no genuine growth and should not be celebrated as fundamental improvement. Click here for the full details [here](https://reitsavvy.com/insights/are-s-reit-managers-fees-paying-off-measuring-value-creation-with-the-management-efficiency-index-mei)  | | **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 | | Alpha Integrated REIT *previously Sabana Industrial 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** | | --- | ##### Gain financial insights on REITs in minutes The newsletter that keeps you up-to-date on REITs in minutes.   ![op can-4](https://reitsavvy.com/hubfs/op%20can-4.png) **[Insights](https://reitsavvy.com/insights)** **[REITs Screener](https://screener.reitsavvy.com/)** Unless otherwise specified, all return figures shown above are for illustrative purposes only, are not actual customer or model returns and are not indicative of future performance or results. 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