--- title: S-REITs - Week 10 - 2024 description: Stay updated on the latest developments in the S-REIT market with a recap of Elite Commercial REIT, Digital CORE REIT, and Fraser Centrepoint Trust. Explore key updates and exclusive offers for successful REIT investing in 2024. --- [Skip to content](https://reitsavvy.com/insights/s-reits-week10-2024#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 10 - 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) Lets have a quick dive into this week REITs update from Elite Commercial REIT, Digital CORE REIT, Fraser Centrepoint Trust. **S-REITs Recap - Week 10** **4 Mar - 10 Mar 2024** | **Elite Commercial REIT** | | --- | | **( 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](https://investor.elitecreit.com/newsroom/20240304_074045_MXNU_04HR5DDJ21BR6DBE.1.pdf) | | **Digital CORE REIT** | | --- | | **( 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](https://s28.q4cdn.com/669718746/files/doc_news/2024/03/Digital-Core-REIT-Acquisition-Announcement-FINAL.pdf) | | **Fraser Centrepoint Trust** | | --- | | **( 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](https://fct.frasersproperty.com/newsroom/20240305_203356_J69U_XQK90ZWGJM8D70ZE.1.pdf) | | **Exclusive REITsavvy Tool** | | --- | | Save your valuable time and effort sifting through extensive data to uncover hidden gems with our cutting-edge REITscreener tool, all at a price that's a fraction of your yearly Starbucks budget. Exciting Announcement! In celebration of International Women's Day this March, we're offering an extra 10% discount on top of the current annual subscription of 10%. This additional 10% discount is exclusively available until March 31, 2024.   Do remember to Enter the Promo Code "REITsavvy" at checkout: [Click here](https://reitsavvy.com/reits-screener) to be a successful REIT investor in 2024! ![RS Screener Overview](https://reitsavvy.com/hs-fs/hubfs/RS%20Screener%20Overview.png?width=1868&height=780&name=RS%20Screener%20Overview.png)   | | **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 | | Sabana REIT | Proposed Internalization in progress since 17 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. Actual returns will vary greatly and depend on various factors including personal and market circumstances. Investment involves risk. It is important to note that the capital value of investments and the income from them may go down as well as up and may become valueless. Some of the statements contained in this website may be considered forward-looking statements which provide current expectations or forecasts of future events. There is no assurance that the conditions described in this website will remain in the future and actual results may differ materially. This website is for information purposes only and is not and should not be construed as an offer or the solicitation of an offer or a recommendation for the purchase or sale of any investment or subscribe for, or to participate in, any services. The information contained within this website has not been reviewed in the light of your personal circumstances. You should carefully consider whether any investment views and investment products/services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances or seek financial advice. All advertisements on the website have not been reviewed by the Monetary Authority of Singapore. Any notification from the REITsavvy application is not a product advertisement that has been reviewed by the Monetary Authority of Singapore. This advertisement has not been reviewed by the Monetary Authority of Singapore. Copyright © 2023-2024 REITsavvy. All Rights Reserved. [Disclaimer & Privacy Policy |](https://reitsavvy.com/disclaimer-and-privacy-policy) [Terms of Service](https://reitsavvy.com/terms-of-service) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "REITsavvy Team", "url" : "https://reitsavvy.com/insights/author/reitsavvy-team" }, "dateModified" : "2024-03-10T02:00:00.506Z", "datePublished" : "2024-03-10T02:00:00.000Z", "headline" : "S-REITs - Week 10 - 2024", "mainEntityOfPage" : { "@id" : "https://reitsavvy.com/insights/s-reits-week10-2024", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" } } } ```