--- title: S-REITs - Week 20 - 2024 description: Stay updated on the latest in S-REITs with a recap of key developments from Mapletree Logistics Trust, EC World REIT, Sasseur REIT, and Prime US REIT in Week 20 of 2024. --- [Skip to content](https://reitsavvy.com/insights/s-reits-week20-2024#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 20 - 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=762&height=278&name=Weekly_Banner.png) Let's have a quick dive into this week REITs update from Mapletree Logistics Trust, EC World REIT, Sasseur REIT, Prime US REIT **S-REITs Recap - Week 20** **13 May - 19 May 2024** | **Mapletree Logistics Trust** | | --- | | **( YTD: -21.26% \| 5D: +0%)** | | Completion of the proposed acquisition of the Malaysia property as an interested person transaction - The acquisition of the Malaysia Property from Symphony Warehouse Sdn. Bhd., the vendor of the Malaysia Property, by Semangkuk Berhad, a bankruptcy-remote special purpose vehicle incorporated in Malaysia (the “Malaysia SPV”), for a purchase consideration of MYR558.8 million (or approximately S$157.9 million)1 has been completed today. - For the Malaysia Acquisition, Malaysia SPV issued MYR300m Senior ABS MTNs and MYR268.5m Junior ABS MTNs, subscribed by investors. For more update information, please click [here](https://www.mapletreelogisticstrust.com/~/media/MLT/Newsroom/Announcements/2024/May/20240517-MLT_MY%20Completion%20Announcement_Final.pdf) | | **EC World REIT** | | --- | | Halt Trading since 31 March 2023 | | Reported lower operation performance in 1Q FY2024 - 100% of novation process for Chongxian Port Logistics, Fuheng Warehouse and 98% for Fuzhou E-Commerce have been completed - Aggregate leverage is at 57.2% as at 1QFY2024 - **No distribution for 1QFY2024 due to insufficient funds** - Trading of Units continues to be suspended until the financial situation improves For further information, please click [here](https://ecwreit.listedcompany.com/newsroom/ECW_Press_release_1QFY2024.pdf) | | **Sasseur REIT** | | --- | | **( YTD: -2.19% \| 5D: -2.90% )** | | Business and Operational Updates For the First Quarter ended 31 March 2024 - **Total Outlet Sales: RMB**$1,258.7m (-2.6% yoy) - **Portfolio Occupancy:** 97.9% - **Portfolio WALE:** 2.0 years by NLA as at 31 Mar 2024 - **Gearing:** 25.2% - **Interest Coverage Ratio:** 4.5x (vs 31 Dec 2023: 4.3x) - **Distribution Changes:** from Quarterly to **Half-yearly** For further information, please click [here](https://investor.sasseurreit.com/newsroom/20240514_072809_CRPU_KMC4FK6NW68C46A7.1.pdf) | | **Prime US REIT** | | --- | | **( YTD: -44.95% \| 5D: +8.11% )** | | Divestment of One Town Center In Boca Raton, Florida - Aggregate Leverage to Decrease from 48.4% to 45.8% - Reinvest in Asset Rejuvenation and Optimise Leasing Efforts - Divest One Town Center for US$82 million For further information, please click [here](https://investor.primeusreit.com/newsroom/20240515_121743_OXMU_AYY41MIZ3JY0ZL7R.2.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** | | --- | ##### 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. 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