REIT Oracle

Your data source for Singapore's REITs.
Top 5 YielderLastYieldDisc. to NAVGearing
Prime US Reit0.12721.34%78.8%48.4%
Keppel Pacific Oak US REIT0.12919.38%81.3%43.2%
Elite Commercial REIT0.25512.04%40.7%47.5%
ARA US Hospitality Trust0.30011.43%59.5%41.5%
Cromwell European REIT1.46010.75%31.1%38.4%
All Singapore REITsAll Malaysian REITsAll Thai REITs
News about Keppel Pacific Oak US REIT

Keppel Pacific Oak Suspends Distributions to Shore Up Balance Sheet

Along with releasing it's results for the year 2023, Keppel Pacific Oak US REIT is announcing the suspension of distributions to shore up its balance sheet:

The manager noted a challenging borrowing environment as lenders remain concerned about the US office market. Meanwhile, Kore’s leverage rose to 43.2 per cent post the FY2023 valuation, approaching the 50 per cent limit set by the Monetary Authority of Singapore and bank covenants.

News about Mapletree Industrial Trust

Mapletree Industrial Trust Selling Singapore Factories

Mapletree Industrial Trust has announced the divestment of a cluster of two factories in Singapore for S$50.6 million:

The selling price is 3.9 per cent above the properties’ independent valuation of S$48.7 million as at Dec 31, 2023. It also implies an 8.4 per cent premium above the book value of S$46.7 million as at the end of the financial year ended Mar 31, 2023.

News about CapitaLand India Trust

CapitaLand India Buys Three Industrial Properties Near Chennai

CapitaLand India Trust is announcing more acquisitions with the purchase of three leasehold industrial properties in OneHub Chennai (India) for S$43.2 million:

Spanning 7.95ha of leasehold land with a renewable lease tenure of 99 years in total, the project is slated for completion in three phases over four years.

Over the land’s total net leasable area of 790,000 sq ft, phase one of the project covers 480,000 sq ft, while phase two is made up of 160,000 sq ft. Another 150,000 sq ft of land comprises phase three of the project.

News about Daiwa House Logistics Trust

Daiwa House Logistics Acquires Japanese Property

Daiwa House Logistics Trust is announcing the purchase of a logistics property in the Greater Tokyo area:

On a pro forma basis, the Acquisition is expected to be DPU-accretive by 1.2% for FP2022

Aggregate leverage would increase from 36.2% as at 30 September 2023 to 38.2% (or 40.1%, including the Vietnam Acquisition), on a pro forma basis but remains at a healthy level

News about CapitaLand Ascott Trust

CapitaLand Ascott Divests Citadines Mount Sophia

CapitaLand Ascott Trust is announcing the sale of Citadines Mount Sophia (in Singapore) for S$148 million:

Ms Serena Teo, Chief Executive Officer of CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd. (the Managers of CLAS), said: “We are divesting Citadines Mount Sophia Singapore at close to S$1 million per key, which is a significant premium to book value. Including Citadines Mount Sophia Singapore, CLAS has announced divestments of S$408.1 million of assets at a premium to book value in the last eight months.

News about Frasers Centrepoint Trust

FCT to Buy Additional Stake in Nex Mall, Raises $200M in Equity

Frasers Centrepoint Trust is announcing the acquisition of an extra 24.5% stake in the Nex mall for S$523.1 million, to be funded by a private placement of S$200 million at S$2.18 per share:

Mr Richard Ng, chief executive of FCT’s manager, said: “The acquisition follows from our initial acquisition of 25.5 per cent in Nex in February 2023 and will raise FCT’s effective interest to 50 per cent on completion.”

News about Daiwa House Logistics Trust

Daiwa House Logistics Makes First Foray Into Vietnam

Daiwa House Logistics Trust is announcing a first acquisition in Vietnam, with the purchase of D Project Tan Duc, a logistics property, for about S$26.5 million:

The Acquisition is expected to be DPU-accretive to Unitholders. For illustration purposes, the DPU for FP2022 will increase by approximately 1.9% on a pro forma basis. Post Acquisition, aggregate leverage is expected to increase from 36.2% as at 30 September 2023, but remain at a healthy level of 38.2%, on a pro forma basis.

Market Averages

7.4% yield
27.0% discount to NAV