S-REITs - Week 50 - 2024

( YTD: -13.95% | 5D: -0.89%)

 10 Dec - Update of the S$1,000,000,000 Multicurrency Debt Issuance Programme

• DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited are the joint arrangers and dealers of the Updated Programme.
  
  
• In connection with the Update, the Issuer has, inter alia,
  
  (i) entered into a supplemental trust deed dated 10 December 2024 with The Bank of New York Mellon, London Branch (the "Trustee") to amend the trust deed dated 8 February 2021 (as supplemented by the deed of resignation and substitution dated 18 July 2022 made between, inter alios, the Issuer and the Trustee) relating to the Programme (the "Trust Deed"), and
  
  (ii) issued an offering circular dated 10 December 2024 relating to the Updated Programme (the "Updated Offering Circular") which supersedes the offering circular dated 8 January 2021 in relation to the Programme.

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( YTD: -8.06% | 5D: -0.56%)

10 Dec - Lease Renewal with DBS Bank Ltd at Marina Bay Financial Centre, Singapore

• Under this lease renewal, DBS will continue their lease for a 6-year lease term commencing 22 December 2024.

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( YTD: +13.33% | 5D: +0.45%)

12 Dec - Results of the Preferential Offering

• The Preferential Offering was approximately 159.9% subscribed

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( YTD: -4.62% | 5D: -1.59%)

10 Dec -  Divest 3 Toh Tuck Link In Singapore For S$24.388 Million, Representing A 32.5% Premium To Valuation

• AA REIT has entered into a Sales and Purchase Agreement with Crown Worldwide Pte Ltd
  
  
• The sale price of S$24.388 million represents a 32.5% premium to the Property’s valuation of S$18.4 million as at 31 March 2024

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Technical Analysis of FTSE ST REIT Index (FSTAS351020)

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 649.94 to 642.87 (-1.09%) compared to last month's update. Singapore REITs index is currently trading near the support level of a wedge pattern.

•    Short-term direction: Sideways
•    Medium-term direction: Sideways
•    Long-term direction: Sideways
•    Immediate Support: Blue Support Line (Wedge)
•    Immediate Resistance: Red resistance line (Wedge)

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