S-REITs - Week 49 - 2024

( YTD: -37.33% | 5D: +6.82%)

 4 Dec - Loan Facilities obtained by Keppel Pacific Oak US REIT

• Secured a $50 million term loan under a facility agreement, which includes a clause requiring prepayment within 10 business days if there is a change in management or if certain stakeholders no longer retain full ownership of the manager.

For more information, please click here

( YTD: +1.46% | 5D: -0.71%)

5 Dec - Entry Into Supplementary Sponsor Loan Agreement

• Supplementary Sponsor Loan Agreement, it was agreed that:
  
  1. The maturity of the Sponsor Loan will be extended for five (5) years from March 2025 to March 2030; and
     
     
  2. The annual interest rate of the Sponsor Loan is not a fixed rate and will instead be a floating interest rate with reference to China’s 5-year Loan Prime Rate (“LPR”). The 5-year LPR is currently 3.6% per annum.

For further information, please click here

( YTD: -8.53% | 5D: -4.07%)

3 Dec - Continues Share Buy-Back

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6 Dec - Completion of the Acquisition of a 15.1% Interest in the Frankfurt Facility

For further information, please click here

( YTD: +0% | 5D: +7.89%)

6 Dec -  Mandatory Conditional Cash offer by United Overseas Bank Limited and DBS Bank Ltd., for and on behalf of Aelios Pte. Ltd.

• Distribution Type: Cash
• Offer Price: $1.16
• 6 Dec Close Price: $1.23

For further information, please click here

( YTD: -29.63% | 5D: +1.79%)

5 Dec -  IREIT Sets Up Green Financing Framework To Further Advance Its Sustainability Commitments And Priorities

• IREIT’s Framework has been assessed by S&P Global Ratings to be aligned with the Green Bond Principles and Green Loan Principles
  
  
• Framework serves as a guideline on how IREIT intends to enter into green finance transactions
  
  
• Manager targeting to pursue green certifications for B&M retail portfolio in France, repositioning of Berlin Campus, and have 100% of IREIT’s portfolio assets green certified

For further information, please click here