| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| Dasin Retail Trust | 0.375 | 13.33% | 74.3% | 36.7% |
| First REIT | 0.305 | 9.15% | 13.2% | 34.7% |
| United Hampshire US REIT | 0.665 | 9.14% | 7.6% | 37.6% |
| Sabana REIT | 0.430 | 8.77% | 17.3% | 34.8% |
| Prime US Reit | 0.825 | 8.18% | 4.1% | 38.4% |
| All Singapore REITsAll Malaysian REITsAll Thai REITs | ||||
Frasers Logistics & Commercial Trust is selling a leasehold property in Port Melbourne, Australia, for A$42.5 million. This is a large premium over book value of A$21.0 million.
CapitaLand Integrated Commercial Trust is announcing the acquisition of two properties in Sydney, Australia:
The total transaction of A$381.0 million (including fees) is expected to be DPU accretive.
Frasers Logistics and Commercial Trust is announcing the acquisition of a warehouse project in Worcester, UK. At a price of £28.3 million (about S$51.5 million), the freehold property is pre-let to a flooring distributor for a 15 year period. Completion of the development is expected for Q1 2023.
The trust will fund the operation through debt or internal resources.
Manulife US REIT is announcing the purchase of three American office properties for a total of US$201.6 million:
All properties are freehold and leased to multiple tenants and have a weighted average of 93.4% occupancy and 5.9 years WALE.
In order to finance the operation, a private placement of about US$80.0 Million has been launched along with an advanced distribution to current shareholders.
Keppel REIT is announcing the purchase of Blue & William, a grade A office in North Sydney. The freehold building is being transacted at a price of A$327.7 million, or about S$322.2 million.
Ms Shirley Ng, Deputy CEO and Head of Investment of the Manager, said, "In line with our active portfolio optimisation strategy, this DPU-accretive investment brings an initial net property income yield of 4.5%, which will enhance Keppel REIT’s overall portfolio returns. At the same time, regular coupon will be received throughout the development phase, providing robust risk-adjusted returns."
Mapletree Logistics can't stop snapping up assets and is now announcing another round of acquisitions:
The trust is also announcing an early advanced distribution and an equity raising operation, with both a private placement and a public offering to raise about S$700 million in order to fund the operation.
Digital Realty, a trust invested in data centres and listed in the US, will IPO a new data centre trust on the Singapore market. Digital Core Reit will comprise 10 freehold properties and offer over 267 million units at US$0.88.
The trust portfolio, located in the USA and Canada, has a WALE of 6.2 years and 100% occupancy. A leverage of 27% will offer room for debt-funded acquisitions.
Japanese REITs listed in Singapore have had a rocky history, with both Accordia Golf Trust or Saizen REIT coming and going after a handful of years. This isn't deterring Daiwa House Logistics Trust (DHLT) from trying its luck and filing for IPO. The trust has lodged its IPO prospectus on MAS website and will offer 244,438,000 units at S$0.80 per unit (with possible over-allotment option)
DHLT has an appraised ¥80.57 billion ($952.9 million) portfolio of 14 logistics properties in Japan and is forecasting a yield of 6.3% based on IPO price.
Ascandas REIT is forming a S$883 million joint venture with CapitaLand (with a 34% / 66% split respectively) to redevelop 1 Science Park Drive into a life science and innovation campus.
This follows the sale of the site, which houses the TÜV SÜD PSB Building, by the real estate investment trust (Reit) to the joint venture for S$103.2 million.
CapitaLand Integrated Commercial Trust (CICT) is announcing the sale of its remaining stake in One George Street, a Singapore property it had a remaining indirect 50% interest in. The total transaction of S$1.28 billion will bring about S$344.8 million into the trust coffers after deducting fees and loan settlement.
The Sale is not expected to have any material effect on the net asset value per unit of CICT and the distribution per unit of CICT for the financial year ending 31 December 2021.