S-REITs - Week 41 - 2024

( YTD: -7.41% | 5D: +7.14%)

7 Oct and 10 Oct - Receipt Of Letter From Trustee To Requisitionists

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( YTD: -13.98% | 5D: -8.05%)

8 Oct - CNH400,000,000 2.90 Per Cent. Notes Due 2027 To Be Issued Under S$1,000,000,000 Multicurrency Debt Issuance Programme

• The Notes will bear interest at a fixed rate of 2.90 per cent. per annum, payable semi-annually in arrear and will mature on 15 October 2027. The Notes will constitute direct, unconditional, unsubordinated and unsecured obligations of the Issuer and shall at all times rank pari passu, without any preference or priority among themselves, and pari passu with all other present and future unsecured obligations (other than subordinated obligations and priorities created by law) of the Issuer from time to time outstanding. 

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( YTD: -7.75% | 5D: -0.83%)

10-11 Sept - Continues daily Share Buy-back

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( YTD: -4.04% | 5D: -3.06%)

9 Oct - CapitaLand Ascott Trust Divests Citadines Karasuma-Gojo Kyoto For JPY6.18 Billion

• CapitaLand Ascott Trust (CLAS) has divested Citadines Karasuma-Gojo Kyoto in Japan to an unrelated third party for about JPY6.18 billion (S$53.1 million1).
  
  
• The 124-unit property was divested at 40.1% above book value at an exit EBITDA yield of about 0.3%
  
  
• Net proceeds of the divestment are JPY4.4 billion (S$37.8 million) and CLAS has recognised a net gain3 of JPY0.9 billion (S$8.0 million).

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( YTD: -9.37% | 5D: +0%)

10 Oct - Launch Of Preferential Offering On The Basis Of 4 Preferential Offering Units For Every 100 Existing Units To Raise Gross Proceeds Of Up To Approximately S$94.0 Million

• S$0.305 for each Preferential Offering Unit
  
  
• The Issue Price has been determined after taking into account the net asset value per Unit of S$0.305 as at 30 June 2024.

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( YTD: -1.74% | 5D: -2.59%)

10 Oct - Lease Renewal With Commonwealth Of Australia At Caroline Chisholm Centre

• Under the terms of the new lease agreement, Services Australia will take up 100% of Caroline Chisholm Centre's lettable area for a term of 12 years commencing from 5 July 2025.

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( YTD: +10.53% | 5D: -1.59%)

10 Oct - OUE REIT Achieves Four-Star GRESB Rating And Boosts Score To 82 Points

• OUE REIT's overall score is 8 points higher than the GRESB average of 74. Notably, it achieved 17 out of 18 in social performance and 18 out of 20 in governance, exceeding the GRESB averages of 16 and 17, respectively. In the environmental category, OUE REIT scored 47 out of 62, surpassing the GRESB average of 40.

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