S-REITs - Week 10 - 2024

( YTD: -17.86% )

Elite Commercial REIT secures up to £135 million of debt for refinancing.

• New lending relationships established to diversify sources of borrowing
  
  
• Net gearing ratio1 remains stable at 40.9% with ample debt headroom of £55.9 million
  
  
• Strong interest coverage ratio of 3.1 times3 as at end-2023
  
  
• Elite REIT’s credit is supported by its government-backed tenancies

For further information, please click here

( YTD: -6.98% )

Proposed acquisition of a 24.9% interest in a data centre located in Germany

• Digital Core Reit is considering acquiring an additional 24.9 percent stake in a data center located in Germany, thereby increasing its ownership to 49.9 percent.

For further information, please click here

( YTD: -2.65%  )

[Presentation] Frasers Centrepoint Trust to acquire additional 24.5% effective interest in NEX for S$523.1 million

• Raises FCT’s effective interest in NEX to 50.0% from 25.5% currently
  
  
• NEX is an excellent asset and is well-positioned to grow through a combination of asset enhancement initiatives (“AEI”), tenant remix strategy and rent improvement
  
  
• Further strengthens FCT’s leading position in the Singapore prime suburban retail market
  
  
• The Acquisition is expected to be distribution per unit (“DPU”) accretive on a pro forma historical basis

For further information, please click here

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