REIT Oracle

Your data source for Singapore's REITs.

Top 5 Yielder	Last	Yield	Disc. to NAV	Gearing
Sasseur Real Estate Investment Trust	0.675	9.09%	14.6%	25.4%
ESR REIT	2.430	9.02%	3.6%	44.3%
Elite UK REIT	0.340	8.91%	24.4%	37.4%
First REIT	0.235	8.89%	3.8%	44.6%
Daiwa House Logistics Trust	0.490	8.84%	22.2%	40.6%
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Mapletree Industrial Trust divests Philadelphia data centre for US$14.5 million

The manager of Mapletree Industrial Trust (MIT) on Monday (May 25) announced the sale of a Philadelphia data centre for US$14.5 million – a deal entered into with DBS Trustee, as trustee of MIT, and a non-interested third-party purchaser.

This comes on the back of “limited” leasing interest in the property in the current environment, since its lease expired on Dec 31, 2024, noted the trust.

...read more on The Business Times

Aims Apac Reit eyes data centre growth as it expands beyond industrial assets

Mainboard-listed Aims Apac Real Estate Investment Trust (AA Reit) is zooming in on data centre opportunities as it looks beyond traditional industrial assets for its next phase of growth, to tap rising demand for digital infrastructure.

“Even though we had another year of steady growth, we are making a deliberate pivot towards data centres,” said Russell Ng, CEO of AA Reit’s manager.

He pointed to two sites in New South Wales, Australia, that received government endorsement as potential data centre developments – a “significant game changer”.

...read more on The Business Times

UI Boustead REIT and Boustead Projects co-invest in $104 mil aerospace facility at Seletar Aerospace Park

UI Boustead REIT announced that it has entered into various agreements to coinvest in the development of a build-to-suit aerospace facility worth $104 million at the Seletar Aerospace Park in Singapore.

The facility will be developed by the REIT with the engineering, procurement and construction management contract undertaken by Boustead Projects E&C, which is a subsidiary of Boustead Singapore Limited.

...read more on The Edge Singapore

Manulife US REIT says it will resume distributions at ‘sustainable payout ratio’ after MRA exit

After nearly three years since Manulife US REIT (MUST) announced it was halting distributions, unitholders are finally seeing some semblance of hope.

On May 6, the REIT announced, in its operational updates for the 1QFY2026 ended March 31, that one of its key priorities in 2026 to 2027 is to resume distributions but at a “sustainable payout ratio” after exiting its master restructuring agreement (MRA). The exit will be subject to negotiations with MUST’s lender, although the REIT also aims to exit the MRA within 2026 to 2027.

...read more on The Edge Singapore

Mapletree Industrial Trust to divest up to S$600 million of North America assets, eyes Japan and Europe for growth

Mapletree Industrial Trust (MIT) plans to divest S$500 million to S$600 million of assets in North America within the next one to two years, as it steps up efforts to recycle capital into higher-quality properties and expand into new markets.

“With over S$500 million divested and more divestments planned, this gives us a nice headroom for acquisitions,” said Lily Ler, CEO of the manager, at the earnings briefing on Wednesday (Apr 29).

...read more on The Business Times

UI Boustead Reit forms 50:50 JV with Fraxtor Group to develop logistics facilities in Japan

UI Boustead Reit (UIB Reit) has entered into a 50:50 joint venture with Singapore-based real estate investment platform Fraxtor Group to develop two logistics facilities in Konan City, Shiga Prefecture, Japan.

After accounting for its partner’s stake in the joint venture company, UIB Reit will hold an effective interest of 24.26% in the development.

...read more on EdgeProp

Suntec Reit flags near-term pressure on convention business as bookings slow in wake of Iran war

Convention operators in Singapore are seeing near-term pressure on booking momentum, as global uncertainty prompts corporates to hold back on event commitments.

Though there have been no immediate cancellations or postponements, the manager of Suntec Real Estate Investment Trust (Reit) told The Business Times that bookings are slower to firm up, with more organisers adopting a “wait-and-see” approach when confirming events and a more “conservative stance on spending”.

...read more on The Business Times

Frasers Centrepoint Trust in talks to sell White Sands mall for over S$470 million

Frasers Centrepoint Trust (FCT) is in the process of selling its White Sands shopping mall in Pasir Ris, with local private equity firm TE Capital said to be in exclusive due diligence for the deal.

The Business Times understands that the suburban retail property could fetch over S$470 million, implying an exit yield of around 4.5 per cent.

...read more on The Business Times

CapitaLand Trust buys Paragon mall for $3.9 billion, sells Asia Square Tower 2 for $2.5 billion

CapitaLand Integrated Commercial Trust (CICT) is reshaping its portfolio by selling a major office tower in Singapore’s financial district and ploughing the proceeds into a prime Orchard Road mall, in a move that signals a shift in where it sees future growth.

The trust on April 20 said it will fully acquire Paragon, a freehold retail and medical complex in Orchard Road, from Cuscaden Peak for about $3.9 billion.

...read more on The Straits Times

ESR Reit’s FY2026 DPU will drop if divestment proceeds are not redeployed: manager

The manager of ESR Reit has cautioned that the real estate investment trust’s (Reit) distribution per unit (DPU) will decline if the proceeds from its earlier divestments are not redeployed.

In a regulatory filing on Saturday (Apr 18), the manager said that its “immediate focus will be on ensuring balance-sheet and operational resilience, in view of global energy prices and the potential return of ‘higher-for-longer’ interest rates” arising from the Middle East war.

...read more on The Business Times

Market Averages

5.3% yield
30.6% discount to NAV

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