--- title: S-REITs - Week 9 - 2024 description: Stay informed on the latest S-REIT updates, earnings releases, and STI Index constituents in this weekly recap. Get insights on Cromwell European REIT, EC World REIT, Daiwa House Logistics Trust, and Lippo Malls Indonesia Retail Trust. --- [Skip to content](https://reitsavvy.com/insights/s-reits-week09-2024#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), [2024](https://reitsavvy.com/insights/tag/2024) # S-REITs - Week 9 - 2024 [By- REITsavvy Team,](https://reitsavvy.com/insights/author/reitsavvy-team) ![Weekly_Banner](https://reitsavvy.com/hs-fs/hubfs/Others/Generic/Weekly_Banner.png?width=990&height=361&name=Weekly_Banner.png)   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](https://investor.cromwelleuropeanreit.com.sg/newsroom/20240226_075106_CWCU_37TGCDO2S4FH8Y1E.4.pdf) | | **EC World REIT** | | --- | | **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](https://ecwreit.listedcompany.com/newsroom/ECW_Press_Release270224.pdf) | | **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](https://investor.daiwahouse-logisticstrust.com/newsroom/DHLT-FY2023_Press_Release_.pdf) | | **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](https://lmir.listedcompany.com/newsroom/4Q2023_-_Press_Release.pdf) | | **STI Index constituents** | | --- | | **REITs in STI** | | **(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 | | **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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