( YTD: +3.32% | 5D: -0.91%)

 25 Mar - Frasers Centrepoint Trust To Acquire Northpoint City South Wing For S$1.17 Billion

• Consolidates FCT’s position as Singapore’s leading prime suburban retail space owner
  
  
• Strategic increase in exposure to Northpoint City, the largest mall in the North of Singapore
  
  
• 100% ownership unlocks multiple value creation opportunities through AEIs, tenant mix strategies and operational efficiencies
  
  
• Northpoint City is well-positioned to benefit from the revitalisation of the North Region of Singapore, underpinned by substantial new home additions and transformation of the region into a work-live-play hub
  
  
• The Acquisition is expected to be Distribution per Unit (“DPU”) accretive on a historical pro forma basis

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 26 Mar - Frasers Centrepoint Trust's Private Placement Was Approximately 4.0 Times Covered, Raising Gross Proceeds Of Approx. S$220.0 Million

• The Private Placement drew strong demand from new and existing institutional, accredited and other investors
  
  
• Issue price of S$2.090 per New Unit represents a discount of 2.9% to the Adjusted VWAP
  
  
• Private Placement was upsized from S$200.0 million to S$220.0 million and was approximately 4.0 times covered (including the upsize option)
  
  
• Together with the Preferential Offering, the total Equity Fund Raising is approximately S$421.3 million

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( YTD: -1.38% | 5D: -0.92%)

24 Mar -  Completion of Divestment of Kelsterbach Data Centre located in Frankfurt, Germany

• The announcement of Keppel DC REIT dated 17 February 2025 in relation to the divestment of its 100% freehold interest in Kelsterbach Data Centre in Frankfurt located at Am Weiher 24, 65451, Kelsterbach, Germany (the “Transaction Announcement”).
  
  
• Further to the Transaction Announcement, Keppel DC REIT Management Pte. Ltd., in its capacity as manager of Keppel DC REIT (the “Manager”), is pleased to announce that the Divestment has been completed on 24 March 2025.

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28 Mar -  Loan Facilities obtained by Keppel DC REIT Group

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( YTD: -5.88% | 5D: -4.00%)

24-28 Mar -  Daily Unit Buy Back

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24 Mar - ESR-REIT Completes Divestment Of 1 Third Lok Yang Road And 4 Fourth Lok Yang Road In Singapore

• in the announcement of ESR-REIT dated 27 January 2025 titled “Divestment Of 1 Third Lok Yang Road And 4 Fourth Lok Yang Road In Singapore At 3.5% Premium To Valuation” (the “Divestment Announcement”)
  
  
• Further to the Divestment Announcement, ESR-REIT Management (S) Limited, the manager of ESR-REIT, is pleased to announce that Perpetual (Asia) Limited, in its capacity as trustee of ESR-REIT, has today completed the divestment of 1 Third Lok Yang Road, Singapore 627996 and 4 Fourth Lok Yang Road, Singapore 629701 for a sale consideration of approximately S$6.8 million.

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( YTD: -8.62% | 5D: -4.50%)

26 Mar -  Acquisition of a 20.0% Interest in a Data Centre Located in Osaka, Japan

• The purchase consideration for the 20.0% interest in the Osaka Data Centre is JPY 13,000 million (approximately US$86.7 million3), based on the agreed value of the Osaka data centre of JPY 65,000 million (at 100% share), and takes into account the estimated net assets and liabilities of Digital Osaka 3 TMK as at the date of closing (subject to closing adjustments), including the onshore JPY bonds issued by Digital Osaka 3 TMK of JPY 18,000 million (at 100% share)
  
  
• The agreed value of the Osaka data centre was negotiated on a willing-buyer and willing- seller basis and takes into account the historical cashflow, rental rates and underlying customer base of the Osaka data centre and current market conditions
  
  
• The Manager has commissioned an independent property valuer, Newmark Valuation & Advisory, to value the Osaka Data Centre. The valuation of the Osaka Data Centre was JPY 65,390 million (at 100% share) as at 15 March 2025.

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26 Mar -  Digital Core REIT Expands in Japan, Establishes Inaugural Euro-Medium Term Note Programme

• Digital Core REIT (SGX: DCRU), a leading pure-play data centre REIT listed in Singapore and sponsored by Digital Realty, announced today it has successfully completed the acquisition of a 20% interest in a second fully-fitted freehold data centre in Osaka from Mitsubishi Corporation for ¥13 billion, or approximately US$87 million.
  
  
• The acquisition is expected to be 1.8% accretive to Digital Core REIT’s distribution per unit, or “DPU,” and is expected to increase aggregate leverage from 34.0% as at 31 December 2024 to 37.3%.
  
  
• The acquisition is expected to improve geographic diversification and expand Digital Core REIT’s presence in Japan, increasing the annualised revenue contribution from Osaka from 7% as at 31 December 2024 to 11% pro forma for the acquisition.
  
  
• The Osaka data centre was purpose-built from the ground up and completed in July 2021.
  
  
• The state-of-the-art facility offers 19,900 kW of critical IT load and is situated on the Sponsor’s Osaka connected data centre campus, servicing a diverse community of leading hyperscale and technology companies.
  
  
• The facility is predominantly leased to leading global cloud providers with large and growing global data centre footprints, increasing the portion of annualised rent from investment grade customers from 81% as at 31 December 2024 to 82% pro forma for the acquisition.

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( YTD: +8.81% | 5D: +0.96%)

28 Mar - Issuance Of S$150 Million In Aggregate Principal Amount Of 3.088% Fixed Rate Green Notes Due 29 March 2032 Pursuant To The U.S.$3 Billion Euro-Medium Term Note Programme

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( YTD: -0.86% | 5D: +0.00%)

24 Mar - ACQUISITION OF A FREEHOLD LOGISTICS PROPERTY IN GREATER TOKYO, JAPAN

• The Acquisition is expected to increase DPU by 3.3%, on a pro forma basis
  
  
• Built in 2022, the Property is a green-certified freehold property that is located in Greater Tokyo
  
  
• The Acquisition allows DHLT to attain a new blue-chip tenant, strengthening its tenant base

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Are We Witnessing a Resurgence in S-REITs? A 5.5% Rally and What's Driving the Optimism

Last week, the S-REIT Index experienced a spectacular surge, rallying by a significant 5.5%. This dramatic uptick has ignited a wave of renewed optimism in the sector, leaving investors wondering: is this the turning point we've been waiting for? Let's delve into the potential factors fuelling this resurgence and explore what it might mean for our investment portfolio.

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