Guiding You On REITs

S-REITs - Week 16 - 2024

Written by 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

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

 

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

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

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

ESR-LOGOS REIT

( YTD: -9.37% | 5D: -4.92% )

Continues to do Share Buy Back this week.

For further information, please click here

Digital Core REIT

( YTD: -10.08% | 5D: -5.69% )

Continues to do Share Buy Back this week.

For further information, please click here

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

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
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