Guiding You On REITs

S-REITs - Week 23 - 2024

Written by REITsavvy Team | Jun 9, 2024 2:00:00 AM

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

Digital CORE REIT

( YTD: -11.63% | 5D: -1.72%)

Continues to do Share-Buy-Back this week

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Mapletree Logistic Trust

( YTD: -22.99% | 5D: +0.75% )

COMPLETION OF DIVESTMENT OF PADI IN MALAYSIA

For further information, please click here

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

 

6 June 2024 -  Update From Sponsor regarding Unilogix Yangling and Yangling Lender

For further information, please click here

 

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

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

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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