S-REITs - Week 40 - 2024

( YTD: +43.75% | 5D: -7.26%)

30 Sept - MUST's 2025 Debt Maturities To Be Fully Repaid After Divestment Of Capitol

• MUST achieves substantial progress towards the 2024 Net Proceeds Target with the sale of 400 Capitol Mall located in Sacramento, California, at a price of US$117.0 million
  
  
• Utilising the net sales proceeds together with existing cash, MUST intends to repay all of its US$130.7 million outstanding loans due in 2025, with no loan maturities due until 2026
  
  
• Pro forma aggregate leverage to significantly improve to 54.2% from 56.3%

For more information, please click here

( YTD: -1.01% | 5D: +1.03%)

1 Oct - CapitaLand Ascott Trust To Acquire lyf Funan Singapore At S$263 Million

• Acquisition yield of 4.7% is higher than divestment yield of 3.2% for Citadines Mount Sophia Singapore
  
  
• Proposed acquisition to deliver 1.5% accretion to Distribution per Stapled Security

For further information, please click here

( YTD: +0% | 5D: +1.21%)

30 Sept - Mapletree Industrial Trust Acquires a Freehold Property with Redevelopment Potential in Tokyo, Japan

• Offers a future redevelopment opportunity to a new data centre in West Tokyo, a key data centre cluster in Greater Tokyo
  
  
• Improves geographical and income diversification with the addition of a freehold property with stable cash flow

For further information, please click here

( YTD: +10.71% | 5D: -1.59%)

3 Oct - Elite UK REIT Submits Planning Application For Data Centre Site In Blackpool

• New state-of-the-art 80-megawatt data centre campus planned in Blackpool
  
  
• Site is located near transatlantic subsea internet cable linking Blackpool with North America, Europe
  
  
• Hyperscale-level power supplies from local grid secured and offshore windfarms in proximity
  
  
• Department for Work and Pensions’ ongoing occupation needs will remain a priority
  
  
• Long-term value maximisation for Unitholders either through strategic divestment or partnerships with data centre operators

For further information, please click here