--- title: S-REITs - Week 23 - 2024 description: Stay updated on the latest developments in the S-REIT market with this week's recap. Explore updates from CapitaLand Ascott Trust, Digital CORE REIT, Mapletree Logistic Trust, and more. --- [Skip to content](https://reitsavvy.com/insights/s-reits-week23-2024#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 23 - 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 CapitaLand Ascott Trust, Digital CORE REIT, Mapletree Logistic Trust, EC World Trust, Mannulife US REIT, Frasers Centrepoint Trust **S-REITs Recap - Week 23** **3 Jun - 9 Jun 2024** | **CapitaLand Ascott Trust** | | --- | | **( YTD: -9.09% \| 5D: +0.56%)** | | The REIT fully acquires student accommodation property - Acquisition is expected to generate EBITDA yield on cost of approximately 7% - The acquisition is funded by proceeds from CLAS’ earlier divestments. - The 678-bed Standard at Columbia serves over 35,000 undergraduate and graduate students from the nearby largest university in the state. - It turned operational in August 2023 with an occupancy rate of over 90%. - After the acquisition, about **17% of CLAS’ total portfolio value is in longer-stay** assets such as student accommodation and rental housing properties. For more information, please click [here](https://investor.capitalandascotttrust.com/newsroom/20240604_065611_HMN_B5U2STYW9BHIJAEF.1.pdf) | | **Digital CORE REIT** | | --- | | **( YTD: -11.63% \| 5D: -1.72%)** | | Continues to do Share-Buy-Back this week For further information, please click [here](https://www.digitalcorereit.com/newsroom/company-announcements/default.aspx) | | **Mapletree Logistic Trust** | | --- | | **( YTD: -22.99% \| 5D: +0.75% )** | | COMPLETION OF DIVESTMENT OF PADI IN MALAYSIA For further information, please click [here](https://www.mapletreelogisticstrust.com/~/media/MLT/Newsroom/Announcements/2024/Jun/MLT_Completion%20of%20Divestment%20of%20Padi.pdf) | | **EC World REIT** | | --- | | Halt Trading since 31 March 2023 | | 4 June 2024 - Announcement Of Litigation In Relation To FIPL And Mr Zhang Guobiao Refer to link for full details, please click [here](https://ecwreit.listedcompany.com/newsroom/20240604_175757_BWCU_HG3H0NXZZOEDE4L5.1.pdf)   6 June 2024 -  Update From Sponsor regarding Unilogix Yangling and Yangling Lender For further information, please click [here](https://ecwreit.listedcompany.com/newsroom/20240606_083158_BWCU_542IQ78T7PLPEDQX.1.pdf)   | | **Manulife US REIT** | | --- | | **( YTD: -13.75% \| 5D: +1.47% )** | | Winding Up Of Hancock S-REIT Portland LLC The winding-up and dissolution of the Subsidiary do not have a material impact on the consolidated net tangible assets or earnings per unit of Manulife US REIT for the financial year ending 31 December 2024. Refer to link for full details, please click [here](https://investor.manulifeusreit.sg/newsroom/20240607_071712_BTOU_3PY6MIAUZFSWE3PQ.1.pdf) | | **Frasers Centrepoint Trust** | | --- | | **( YTD: -2.65% \| 5D: +1.38% )** | | Audrey Tan resigned as the REIT CFO Refer to link for full details, please click [here](https://fct.frasersproperty.com/news.html/id/2497737) | | **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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