( 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

( 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

( 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. 

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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.

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