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There is an updates on STI Index constituents coming 18 March 2024.

Lets have a quick dive into this week REITs Earnings Release by Cromwell European REIT, EC World REIT, Daiwa House Logistics Trust, Lippo Malls Indonesia Retail Trust.

S-REITs Recap - Week 09

26 Feb - 3 Mar 2024

Cromwell European REIT

( YTD: +0.70% )

Cromwell European REIT announces DPU of 15.693 Euro cents for FY 2023

  • FY 2023 NPI up 4.1% on a like-for-like basis, supported by 94.3%1 occupancy and +5.7% rent reversion

  • €237 million divested in the last two years at a blended 14.6% premium to valuation, ahead of target

  • Disciplined net gearing of 38.4% with no debt expiring until November 2025

For further information, please click here


Halted Trading since 31 March 2023 

EC World REIT Suspends Distribution for 2H2023 Due To Insufficient Funds

  • Commenced the novation process to take over underlying leases in relation to the master leases and other related party leases (“Affected Leases”) due to long overdue rent receivables from the Sponsor and its subsidiaries

  • Aggregate leverage increased to 58.3% as at end 2023 due to decline in valuations

  • No distribution1 in respect of 2H2023 due to insufficient funds

  • Trading of Units continues to be suspended until the financial situation improves

For further information, please click here

Daiwa House Logistics Trust

( YTD: -2.29%  )

Daiwa House Logistics Trust post DPU growth of 0.2% y-o-y for FY2023

  • Strong portfolio performance underpinned by positive contribution from properties acquired in December 2022

  • Renewed all leases that expired in FY2023 and ended the financial year with portfolio occupancy of 100%

  • Portfolio valuation grow by 1.8% y-o-y in JPY terms

  • Driving growth with recent announced acquisitions in Vietnam and Japan

For further information, please click here

Lippo Malls Indonesia Retail Trust

( YTD: -11.76% )

LMIR Trust posts 4Q 2023 NPI of S$28.6 million; currency depreciation and high interest rate environment remain challenging

  • Active tenant mix and lease renewal management to improve operational performance

  • Strategic and prudent capital management actions to keep average leverage ratio steady

For further information, please click here

STI Index constituents
(NEW! starting 18 Mar'24)
Frasers Centrepoint Trust
CapitaLand Ascendas REIT
CapitaLand Integrated Commercial Trust 
Frasers Logistics & Commercial Trust
Mapletree Industrial Trust
Mapletree Logistics Trust
Mapletree Pan Asia Commercial Trust
REITs in STI Reserve List
Keppel DC REIT
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
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
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