---
title: S-REITs - Week 38 - 2024
description: Weekly recap of S-REITs' performance, updates, and significant events from 16-22 September 2024, including Digital Core REIT, Sabana REIT, and more.
---

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[S-REIT Weekly Recap](https://reitsavvy.com/insights/tag/s-reit-weekly-recap), [2024](https://reitsavvy.com/insights/tag/2024)

# S-REITs - Week 38 - 2024

[By- REITsavvy Team,](https://reitsavvy.com/insights/author/reitsavvy-team)

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Let's have a quick dive into this week REITs update from Digital Core REIT, Sabana REIT, Lippo Malls Indonesia Retail Trust, Frasers Logistics & Commercials Trust, Starhill Global REIT, OUE REIT

**S-REITs Recap - Week 38**

**16 Sept - 22 Sept 2024**

| **Digital Core REIT** |
| --- |
| **( YTD: -4.65% \| 5D: +7.89%)** |
| 16 - 17 Sept - Continues Share Buy-Back For more information, please click [here](https://www.digitalcorereit.com/newsroom/company-announcements/default.aspx) |

| **Sabana REIT** |
| --- |
| **( YTD: -11.11% \| 5D: +0%)** |
| 15 Sept - Update On The Status Of The EGM Requisition Dated 12 August 2024 For further information, please click [here](https://sabana.listedcompany.com/newsroom/20240915_153221_M1GU_W2GP31PGDM70JZ7K.1.pdf) 18 Sept - Receipt Of Letter From Requisitionists For further information, please click [here](https://sabana.listedcompany.com/newsroom/20240918_203533_M1GU_GVR4TN01VI8G1TCP.1.pdf) 19 Sept - Receipt Of Further Letter From Requisitionists For further information, please click [here](https://sabana.listedcompany.com/newsroom/20240919_212040_M1GU_EP5YHULJCBGXQWRO.1.pdf)   |

| **Lippo Malls Indonesia Retail Trust** |
| --- |
| **( YTD: +29.41% \| 5D: +0%) Halt Dividend since 20 Mar 2023** |
| 18 Sept - LMIR Trust Expands On-Grid Photovoltaic Solar Power Installation - Under these agreements, On-Grid Photovoltaic Solar Power Systems will be installed at three LMIR Trust’s malls – Mal Lippo Cikarang (Second Phase), Lippo Plaza Kramat Jati and Lippo Plaza Batu, following the successful First Phase of installation at Mal Lippo Cikarang. - This further reinforces the Trust’s commitment to sustainability and effort to reduce carbon emissions. Following the commissioning of the three Solar PV sites by the first quarter of 2025, the Solar PVs will have an installed capacity of 1.89 Megawatt peak and are able to collectively produce over 2,572 Megawatt hours per year. - This is expected to reduce over 44,893 tonnes of carbon emissions over the project lifecycle of approximately 25 years for the three properties, equivalent to the carbon abatement of planting 7,380 trees. For further information, please click [here](https://lmir.listedcompany.com/newsroom/20240918_174838_D5IU_O458YAYWNTQIOMYA.1.pdf) |

| **Frasers Logistics & Commercial Trust ** |
| --- |
| **( YTD: +0% \| 5D: -1.71%)** |
| 17 Sept - Change - Announcement Of Cessation As Chief Financial Officer For further information, please click [here](https://flct.frasersproperty.com/news.html/id/2511228) |

| **Starhill Global REIT** |
| --- |
| **( YTD: +0.95% \| 5D: +1.92%)** |
| 17 Sept - Refinancing Of Medium Term Notes Issued By ARA Bintang Berhad - Starhill Global REIT, through its wholly-owned subsidiary SG SPV, has also subscribed for new five- year RM200 million ninth junior medium term notes issued by ABS SPV (“Ninth Junior MTNs”), and 480 million redeemable preference shares issued by ABS SPV (“RPS”) at the subscription price of RM1.00 per RPS, which were utilised to refinance the balance of the existing RM850 million junior medium term notes held by SG SPV on its expected maturity. For further information, please click [here](https://starhillglobalreit.listedcompany.com/newsroom/20240917_180955_P40U_W5BDC7YMLQFA9O28.1.pdf) |

| **OUE REIT** |
| --- |
| **( YTD: +14.04% \| 5D: +3.17%)** |
| 19 Sept - Pricing Of Offering Of S$180,000,000 3.90% Green Notes Due 2031 Under The S$2,000,000,000 Multicurrency Debt Issuance Programme For further information, please click [here](https://investor.ouereit.com/newsroom/20240919_211732_TS0U_3GZ66D8H0Q0XCCHN.1.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** |
| --- |

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