S-REITs - Week 6 - 2024

( YTD: -3.39% )

ROBUST PORTFOLIO PERFORMANCE SUPPORTED BY RESILIENT DOMESTIC DEMAND AND CONTINUED RECOVERY IN TOURIST ARRIVALS

• Portfolio positive rental reversion of 6.3%
• NPI increased 1.7% year-on-year to S$215.1 million
• DPU impacted by higher interest cost
• DPU for FY2023 of 5.02 cents declared, representing a yield of 5.7%

For further information, please click here

Read our recent blog post on PARAGON REIT here

( YTD: -3.88% )

CICT’s 2H 2023 distributable income up 2.1% year-on-year to S$362.5 million

• Proactive portfolio management and prudent cost management led to a 1.7% increase in distribution per unit to 5.45 cents for 2H 2023
• Portfolio property value up 1.2% year-on-year to S$24.5 billion, bolstered by the Singapore portfolio

For further information, please click here

( YTD: -26.25% )

MUST prioritises dispositions in 2024, targets asset sales of ~US$100m by 2Q/3Q 2024

• MUST aims to maximise returns for Tranche 2 and 3 assets via leasing and portfolio optimisation
• Gross revenue, net property income +2.7% and +1.3% for FY 2023
• Leases signed at +8.2% rent reversion in 2023, portfolio WALE at 5.0 years
• 2023 leasing volume doubled YoY to ~740,000 sq ft, or 14.7% of portfolio NLA
• US$235 million of loans repaid/refinanced, no refinancing needed in 2024; 91.3% of loans on fixed rates

For further information, please click here