---
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.
---

[Guiding You On REITs](https://reitsavvy.com/insights)

# [S-REITs - Week 20 - 2024](https://reitsavvy.com/insights/s-reits-week20-2024)

 Written by [REITsavvy Team](https://reitsavvy.com/insights/author/reitsavvy-team) | May 19, 2024 2:00:00 AM

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** |
| --- |

 

[View full post](https://reitsavvy.com/insights/s-reits-week20-2024)

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