---
title: S-REITs - Week 16 - 2024
description: Get the latest updates on S-REITs from Week 16 of 2024, including key highlights from Elite Commercial REIT, Keppel DC REIT, Sabana REIT, and more. Stay informed with REITsavvy Team.
---

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# [S-REITs - Week 16 - 2024](https://reitsavvy.com/insights/s-reits-week16-2024)

 Written by [REITsavvy Team](https://reitsavvy.com/insights/author/reitsavvy-team) | Apr 20, 2024 5:35:20 PM

Let's have a quick dive into this week REITs update from Elite Commercial REIT, Keppel DC REIT, Sabana REIT, Keppel Pacific Oak US

**S-REITs Recap - Week 16**

**15 Apr - 21 Apr 2024**

| **Elite Commercial REIT** |
| --- |
| **( YTD: -16.07% \| 5D: -4.08%)** |
| Expansion of Investment Strategy to diversify the portfolio and increase opportunities - Positioning the portfolio for Growth - Capitalizing Emerging Market Trends and Sectors Exhibiting Strong Growth Potential - Diversifying Portfolio in terms of Income Stream, Asset Classes and Tenancy - Increasing Institutional Investor Appeal For further information, please click [here](https://investor.elitecreit.com/newsroom/20240415_074619_MXNU_OS04CMEL3691QS83.1.pdf) |

| **Keppel DC REIT** |
| --- |
| **( YTD: -15.90% \| 5D: -4.09% )** |
| Keppel DC REIT unlocks A$174.0 million from divestment of Sydney data Centre at 35.4% premium over valuation - Opportunistic divestment is in line with proactive asset management strategy to unlock value from existing portfolio and optimise returns for Unitholders. - Allows Keppel DC REIT to retain exposure to Australia data centre market - Transactions are 0.7% accretive to DPU - Post-transactions, pro-forma aggregate leverage is expected to improve to 36.6% For further information, please click [here](https://www.keppeldcreit.com/en/news-item.aspx?sid=64&aid=19116&title=keppel-dc-reit-unlocks-a1740-million-from-divestment-of-sydney-data-centre-at-354-premium-over-valuation)   1Q 2024 Operational Updates - **Distributable Income:** S$38.8m - **Aggregate Leverage:** 37.6% - **Average Cost of Debt:** 4.34% p.a. - **Interest Coverage:** 4.6 times - **WALE:** 7.4 years For further information, please click [here](https://wpcms.kepcorp.com/wm/cms-site/kcl/file/kdcr-2024/mrel-kdcreit-1q-2024-operational-updates.pdf) |

| **Sabana REIT** |
| --- |
| **( YTD: -11.11% \| 5D: -1.37% )** |
| 1Q 2024 - Interim Business Update - **Portfolio Occupancy:** 83% \| Previous 4Q 2023: 91.2% - **WALE:** 2.9 years \| Previous 4Q 2023: 3.0 years - **Rental Reversion:** 23.7% \| Previous 4Q 2023: 6.2% - **New Leases:** 1,915 sq ft \| Previous 4Q 2023: 53,390 sq ft - **Renewed Leases:** 137,511 sq ft \| Previous 4Q 2023: 42,651 sq ft For further information, please click [here](https://sabana.listedcompany.com/newsroom/20240415_171925_M1GU_ZGR9ZSSWIFDVZC3W.1.pdf) |

| **Keppel Pacfic Oak REIT** |
| --- |
| **( YTD: -64.53% \| 5D: -10.14% )** |
| 1Q 2024 - Key Business an Operational Updates - **Net Property Income: US$21m** \| Previous 1Q 2023: US$37.1m - **Aggregate Leverage:** 43.0% - **Average Cost of Debt:** 4.34% p.a. - **Interest Coverage:** 3.0 times - **Weighted Average Term to Maturity:** 2.5 years For further information, please click [here](https://wpcms.kepcorp.com/wm/cms-site/kcl/file/media/media-releases-sgx/2024/apr/17-apr-kore-1q24/mrel-kore-1q-2024-key-business-and-operational-updates.pdf) |

| **ESR-LOGOS REIT** |
| --- |
| **( YTD: -9.37% \| 5D: -4.92% )** |
| Continues to do Share Buy Back this week. For further information, please click [here](https://esr-logosreit.listedcompany.com/newsroom.html) |

| **Digital Core REIT** |
| --- |
| **( YTD: -10.08% \| 5D: -5.69% )** |
| Continues to do Share Buy Back this week. For further information, please click [here](https://www.digitalcorereit.com/newsroom/company-announcements/default.aspx) |

| **CapitaLand Integrated Commercial Trust** |
| --- |
| **( YTD: -8.74% \| 5D: -2.08% )** |
| 1Q 2024 - Key Business Updates - **Net Property Income: S$293.7m** \| Increased 6.3% YoY - **Aggregate Leverage:** 40.0% - **Average Cost of Debt:** 3.5% p.a - **Interest Coverage:** 3.1 times - **Weighted Average Term to Maturity:** 3.8 years For further information, please click [here](https://investor.cict.com.sg/newsroom/20240419_064058_C38U_4C1BI6QJBER19T9G.1.pdf) |

| **STI Index constituents** |
| --- |
| **REITs in STI** |
| Frasers Centrepoint Trust 18 Mar 2024 |
| 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 is 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** |
| --- |

 

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