REIT Oracle

Your data source for Singapore's REITs.
Top 5 YielderLastYieldDisc. to NAVGearing
Accordia Golf Trust0.57011.12%25.1%30.4%
Soilbuild Business Space REIT0.5359.48%13.7%39.4%
Sasseur Real Estate Investment Trust0.8008.51%7.3%29.7%
First REIT1.0108.51%0.9%34.5%
EC World REIT0.7358.42%13.5%32.4%
All Singapore REITsAll Malaysian REITs
News about Ascendas REIT

Ascendas REIT Acquires Australian Office

Ascendas REIT is announcing the purchase of 254 Wellington Road in Musgrave near Melbourne, Australia. The freehold suburban office with a 17,507 m² NLA is due to be completed next year.

Nissan has committed to lease 65.2% and the vendor will provide a 3-year rental guarantee for the remaining vacant space.

The transaction of A$112.2 million is expected to be DPU accretive.

News about Mapletree Commercial Trust

Mapletree Commercial Acquires Business Park

Mapletree Commercial Trust is announcing the acquisition of Mapletree Business City (Phase 2) from its sponsor. The business park, located on Pasir Panjang Road in Singapore, is being purchased at the price of S$1.55 billion and has a 99 years leasehold starting in 1997. Comprising a total of 110,062 m², it comes with a 99.4% commited occupancy and a 2.9 years WALE.

The manager expects the aquisition to be DPU and NAV accretive and will fund the operation through both debt and an issue of up to 500 million new units (with a private and/or public placement).

A presentation is available on the trust website.

News about Manulife US REIT

Manulife US REIT Acquires Property, Makes Rights Issue

Manulife US REIT is announcing the acquisition of 400 Capitol in Sacramento, California. The 29 storey office building, completed in 1992, has about 46,500 m² of NLA and a 94.9% occupancy with a WALE of 5.9 years.

In order to complete the US$200.5 million purchase, the trust is doing both a US$65 million private placement as well as a US$77.1 million preferential offering for eligible unitholders.

Upon completion, the manager expects an increase of 2.3% in distribution per unit and 0.6% in Net Asset Value per unit.

News about Mapletree Logistics Trust

Mapletree Logistics Acquires Australian Property

Mapletree Logistics Trust is announcing the acquisition of a one-storey logistics facility in Truganina, Melbourne. The property, to be built at 15 Boterro Place, sits on a freehold land and will have about 15,100 m² of lettable area upon completion. The transaction will done for A$18.4 million and be funded by debt, with an expected increase of the trust gearing level of 0.1% to 36.9%.

News about Mapletree Industrial Trust

Mapletree Industrial to Invest in Datacentre, Raise Equity

Mapletree Industrial Trust announces a joint venture with Mapletree Investment to purchase a portfolio of 13 data centres in North America, for a total price of S$1,900.3 million (split 50/50 between both partners). The portfolio has a 100% occupancy and long WALE of 9.1 years.

To that effect, the trust is organizing a S$350 million private placement and issuing up to 180,915,000 new units at a price range of S$2.211 and S$2.265.

The manager expects the operation to increase both Distribution Per Unit and Net Asset Value per unit.

Market news about Lendlease Global Commercial REIT

Lendlease Global Commercial REIT Files for IPO

As expected, Australian developer Lendlease Global is moving forward with listing its REIT in Singapore. 387.5 million units of Lendlease Global Commercial REIT will be offered to the public at S$0.88 per unit. With the help of cornerstone investors, the trust will raise a total of over a billion Singapore Dollars and own 2 properties in Singapore (313@Somerset) and Milan (Sky Complex), worth about S$1.41 billion.

The public offer opens on Sept 25 at 9pm and closes on Sept 30 at 12pm, with the Reit expected to list on Oct 2. The minimum initial subscription for applications is 1,000 units.

The prospectus is available on MAS website.

News about Keppel DC REIT

Keppel DC to Purchase Datacentres, Raise S$473.8 Million

Keppel DC REIT is planning a major expansion as it plans to raise S$473.8 millions of equity to fund two acquisitions in Singapore:

  • A 99% stake in Keppel DC Singapore 4 (S$384.9 million)
  • 1-Net North Data Centre (S$200.2)

The proposed acquisitions are expected to be highly accretive to Keppel DC REIT's Distribution per Unit (DPU). When completed, the REIT's assets under management will grow by 30.7% to $2.58 billion, comprising 17 data centres in key data centre hubs globally, spanning an aggregate lettable area of approximately 1,410,497 sq ft.

A combination of debt and S$473.8 million in private placement and preferential offering will be used. Aggregate leverage ratio is expected to decrease from 31.9% to 30.3%.

Market Averages

6.4% yield (using last quarter)
-9.1% discount to NAV