Guiding You On REITs

S-REITs - Week 10 - 2024

Written by REITsavvy Team | Mar 10, 2024 2:00:00 AM

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

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

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

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(NEW! starting 18 Mar'24)
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