--- title: S-REITs - Week 52 - 2023 description: Discover the latest updates on S-REITs in this weekly recap, featuring news from Manulife US REIT, Lippo Malls Indonesia Retail Trust, and First REIT. Get ready for the 2024 S-REITs Outlook and register now for valuable insights into the world of REITs. Limited seats available! --- [Skip to content](https://reitsavvy.com/insights/s-reits-week52-2023#main-content) [![op can-4](https://reitsavvy.com/hs-fs/hubfs/op%20can-4.png?width=7114&height=2442&name=op%20can-4.png)](https://reitsavvy.com/) ![menu-toggle](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-toggle.svg) ![menu-close](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-close.svg) ![menu-toggle](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-toggle.svg) ![menu-close](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-close.svg) - [Home](https://reitsavvy.com) - [What's a REIT](https://reitsavvy.com/what-is-reits) - [S-REITs Overview](https://reitsavvy.com/s-reits-overview) - [REITsavvy Subscription](https://reitsavvy.com/reits-screener) - [REITsavvy Screener Login](https://screener.reitsavvy.com/) - [REITsavvy Insights](https://reitsavvy.com/insights) - [Events](https://reitsavvy.com/events) - [About Us](https://reitsavvy.com/about-us) - [Home](https://reitsavvy.com) - [What's a REIT](https://reitsavvy.com/what-is-reits) - [S-REITs Overview](https://reitsavvy.com/s-reits-overview) - [REITsavvy Subscription](https://reitsavvy.com/reits-screener) - [REITsavvy Screener Login](https://screener.reitsavvy.com/) - [REITsavvy Insights](https://reitsavvy.com/insights) - [Events](https://reitsavvy.com/events) - [About Us](https://reitsavvy.com/about-us) [S-REIT Weekly Recap](https://reitsavvy.com/insights/tag/s-reit-weekly-recap), [2023](https://reitsavvy.com/insights/tag/2023) # S-REITs - Week 52 - 2023 [By- REITsavvy Team,](https://reitsavvy.com/insights/author/reitsavvy-team) Announcement by Manulife US REIT, Lippo Malls Indonesia Retail Trust, First REIT --- Get ready to dive into the exciting world of S-REITs with us! Before we kick off our weekly REITs update, we're delighted to share the thrilling news: ReitSavvy is teaming up with SGX to deliver the eagerly awaited 2024 S-REITs Outlook. This collaboration is set to empower investors with crucial insights, keeping you ahead of the curve. Brace yourself for an exhilarating journey into the realm of S-REITs opportunities! Limited seats available, so be sure to register early and commence your 2024 REITs journey on a positive note! **>>[Click here for registration<<](https://www.sgxacademy.com/event/seminar-singapore-reits-outlook-whats-ahead-for-2024/?doing_wp_cron=1703162645.5581068992614746093750)** **![20240127-SGX-REIT-Market-Outlook_Final](https://reitsavvy.com/hs-fs/hubfs/Others/20240127-SGX-REIT-Market-Outlook_Final.png?width=990&height=453&name=20240127-SGX-REIT-Market-Outlook_Final.png)** ---   **S-REITs Recap - Week 52** **25 Dec - 31 Dec 2023** | **Manulife US REIT** | | --- | | **( YTD: -74.33% )** | | QUALIFIED NOTICE ON NON-APPLICABILITY OF US WITHHOLDING TAX UNDER SECTION 1446(f) OF UNITED STATES INTERNAL REVENUE CODE Manulife US REIT has provided a Qualified Notice effective 31 December 2023, indicating that it is not engaged in a US trade or business and that no withholding is required. The Qualified Notice will be valid for a 92-day period and a new Qualified Notice will be issued quarterly. For further information, please click [here](https://investor.manulifeusreit.sg/news.html/id/2472271) | | **Lippo Malls Indonesia Retail Trust** | | --- | | **( YTD: -43.33%)** | | Bond Due 2024, 2026 - Tender Offer Results  As of the Extended Expiration Time, pursuant to the Offers to Purchase: (a) a total of US$43,510,000 in principal amount of the 2024 Notes, representing approximately 18.77% of the total outstanding principal amount of the 2024 Notes had been validly tendered (and not withdrawn); and (b) a total of US$38,545,000 in principal amount of the 2026 Notes, representing approximately 21.21% of the total outstanding principal amount of the 2026 Notes had been validly tendered (and not withdrawn). For further information, please click [here](https://lmir.listedcompany.com/newsroom/20231227_221404_D5IU_RF5VR54XWC0LG9VS.1.pdf) | | **First REIT** | | --- | | **( YTD: +1.92% )** | | Renewed Master Lease Agreement For Imperial Aryaduta Hotel & Country Club This is a 1 year lease which will start from Jan. 1, 2024 and will end on Dec. 31, 2024. Rent will be about $21,146,360,104 Indonesian Rupiah for the whole lease term and will be paid quarterly in advance. For further information, please click [here](https://firstreit.listedcompany.com/newsroom/20231229_172218_AW9U_PS4SAR361SENG8SD.1.pdf) | | **Singapore REITs Outlook: What's ahead for 2024** | | --- | |  ![20240127-SGX-REIT-Market-Outlook_Final](https://reitsavvy.com/hs-fs/hubfs/Others/20240127-SGX-REIT-Market-Outlook_Final.png?width=1552&height=710&name=20240127-SGX-REIT-Market-Outlook_Final.png) Limited seats available, so be sure to register early and commence your 2024 REITs journey on a positive note! Free Registration! See you there! **>>[Click here for registration<<](https://www.sgxacademy.com/event/seminar-singapore-reits-outlook-whats-ahead-for-2024/?doing_wp_cron=1703162645.5581068992614746093750)** |   ![op can-4](https://reitsavvy.com/hubfs/op%20can-4.png) **[Insights](https://reitsavvy.com/insights)** **[REITs Screener](https://screener.reitsavvy.com/)** Unless otherwise specified, all return figures shown above are for illustrative purposes only, are not actual customer or model returns and are not indicative of future performance or results. Actual returns will vary greatly and depend on various factors including personal and market circumstances. Investment involves risk. It is important to note that the capital value of investments and the income from them may go down as well as up and may become valueless. Some of the statements contained in this website may be considered forward-looking statements which provide current expectations or forecasts of future events. There is no assurance that the conditions described in this website will remain in the future and actual results may differ materially. This website is for information purposes only and is not and should not be construed as an offer or the solicitation of an offer or a recommendation for the purchase or sale of any investment or subscribe for, or to participate in, any services. The information contained within this website has not been reviewed in the light of your personal circumstances. You should carefully consider whether any investment views and investment products/services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances or seek financial advice. All advertisements on the website have not been reviewed by the Monetary Authority of Singapore. Any notification from the REITsavvy application is not a product advertisement that has been reviewed by the Monetary Authority of Singapore. 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