| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| Lippo Malls Indonesia Retail Trust | 0.250 | 11.64% | 16.5% | 36.0% |
| OUE Commercial REIT | 0.470 | 9.51% | 48.9% | 40.3% |
| Sasseur Real Estate Investment Trust | 0.675 | 9.40% | 16.3% | 33.2% |
| Dasin Retail Trust | 0.865 | 8.99% | 42.0% | 31.5% |
| Soilbuild Business Space REIT | 0.595 | 8.98% | 5.6% | 37.6% |
| All Singapore REITsAll Malaysian REITs | ||||
As the ESR-REIT and Viva Industrial Trust (VIT) merger has become binding as of today, VIT units will be delisted on October 22, 2018. The enlarged portfolio of ESR-REIT will then include 56 properties valued at S$3.0 billion, making it the fourth largest industrial REIT listed in Singapore.
Cache Logistics Trust divests its Jinshan Chemical Warehouse in Shanghai. Acquired in June 2011 for RMB 71 million, the property will be sold at RMB 87 million or a 22.5% premium over its acquisition price. This is also more than the last valuation of RMB 77.3 million done on August 15th.
Sabana REIT entered into a conditional sale agreement to dispose of a property in Tai Seng, Singapore. The Geo-Tele Centre will be purchased by Ascendas-Singbridge for S$99.6 million, S$60 million above its book value.
proceeds from the sale will go to the repayment of Sabana Reit's outstanding borrowings, and could also be redeployed for projects such as redevelopments or acquisitions, said the manager in its announcement
One of Sasseur REIT's subsidiary is on the receiving end of a lawsuit by construction firm Zhongjian Sanju No 2, claiming 148.4 million yuan (or S$29.5 million) plus legal cost. The firms are in dispute over the final construction sum payable for a Sasseur property in Hefei completed in May 2016.
Sasseur Cayman Holding Ltd, together with its subsidiary Sasseur Cayman Holding II Ltd and DBS Trustee Ltd, had entered into a sales and purchase agreement (SPA) on Nov 16, 2017 to acquire Hefei Outlets.
Pursuant to the SPA, Sasseur Cayman Holding had irrevocably and unconditionally undertaken to indemnify Sasseur Reit against, among other things, any losses that Sasseur Reit and its subsidiaries may suffer in connection with additional construction payables that were not already provided for in the SPA, said Sasseur Asset Management in an Exchange filing.
Keppel-KBS US REIT makes its first acquisition by acquiring a business campus around Seattle, Washington. The US$169.4 million property is in Redmond and comprises 21 buildings.
The addition of this portfolio is expected to increase Keppel-KBS US Reit’s aggregate valuation by 20.8 per cent to US$985.5 million, as well as its net lettable area by 24.2 per cent to more than four million square feet, the Reit manager said.
Ascott Residence Trust has purchased a 60 year leasehold land plot in Nepal Hill, Singapore, that it plans to develop into a co-living property.
Ascott Reit's bid of S$62.4 million for the site was the highest of the four and nearly S$13 million more than the second-highest bid of S$49.5 million by Ascendas Nepal Hill Property. Its proposal features creative use of communal spaces and comprehensive programmes to promote social bonding, wellness, personal development and business networking.
OUE Lippo Healthcare (OUELH), part of OUE Limited, plan to acquire 10.63% of First REIT and 40% of Bowsprit Capital, its manager. OUE Limited will acquire the remaing 60% per cent stake in Bowsprit.
OUE-C REIT has entered in an agreement to purchase the office part of OUE Downtown development from its sponsor OUE. It plans to pay the price of S$908 million by raising capital on the market, with a right issue of 83 new units per 100 held.
OUE Downtown is a mixed-use development comprising two high-rise towers, located along Shenton Way in Singapore’s Central Business District. A multi-storey car park, a serviced residence component and a retail podium in the same development are excluded from the deal. The office components were 95.1 per cent occupied as at June 30, 2018, and have a weighted average lease expiry of 2.0 years when weighted by gross rental income and by net lettable area.
Soilbuild REIT is seeking to purchase its first 2 properties in Australia, a poultry processing plant and a leasehold office building in Canberra. The trust plans to spend A$61.25 for the former and A$55 for the later.
Following the proposed acquisitions, Soilbuild Reit will own 11 properties in Singapore and two properties in Australia with the valuation of Soilbuild Reit’s portfolio expected to increase from S$1.11 billion to S$1.23 billion.
Ascendas REIT has raised S$452 million through the private placement of 178 new units, at S$2.54 per unit.
Ascendas Reit said it will use S$250 million, or 55.3 per cent of gross proceeds, to partially fund the acquisition of a second UK logistics portfolio comprising 12 properties located in the UK. Some S$109 million, or 24.1 per cent of gross proceeds, will fund the development of a build-to-suit facility in Singapore.
The remainder will be split between funding debt repayment and future acquisitions, and paying fees and expenses incurred in connection with the private placement.