| Top 5 Yielder | Last | Yield | Disc. to NAV | Gearing |
|---|---|---|---|---|
| First REIT | 0.260 | 15.96% | 47.9% | 49.0% |
| United Hampshire US REIT | 0.675 | 8.98% | 6.3% | 36.2% |
| Eagle Hospitality Trust | 0.137 | 8.61% | 19.7% | 65.5% |
| Prime US Reit | 0.840 | 8.26% | 2.3% | 33.5% |
| IREIT Global | 0.645 | 7.80% | 14.4% | 34.8% |
| All Singapore REITsAll Malaysian REITsAll Thai REITs | ||||
ARA LOGOS Logistics Trust is announcing the sale of the ALOG Changi DistriCentre 2, a 1998 three-storey warehouse facility with a four-storey office block near Changi airport, Singapore. The sale consideration is S$16.7 million, or 7.7% above the CBRE valuation done on Decembre 31, 2020.
Eagle Hospitality Trust is announcing the sale of one of its property, the Crowne Plaza Dallas, a 428-room freehold hotel in Dallas, USA. The US$18 million transaction was possible as this was one of the three properties of the trust currently not involved in a Chapter 11 proceedings.
IGB Commercial Real Estate Investment Trust is buying some properties from its sponsor IGB, ahead of its listing on the Bursa Malaysia:
GB said the REIT's trustee MTrustee signed 10 sale and purchase agreements (SPAs) today with IGB to purchase Menara IGB and IGB Annexe, Centrepoint South, Centrepoint North, Boulevard Properties, Gardens South Tower, Gardens North Tower, Southpoint properties, Menara Tan and Tan, GTower and Hampshire place.
IGB announced on March 31 that IGB Commercial REIT has been established upon the registration of the deed of trust executed between IGB REIT Management and MTrustee, with the Securities Commission Malaysia.
Ascendas India Trust is adding another asset with the forward purchase of a future IT park at Hebbal, Bangalore. Built on freehold land and in two parts, the acquisition is expected to be effective in 2024 and 2025 for Project II and I respectively.
Frasers Centrepoint Trust is announcing the sale of its YewTee Point mall (Singapore) for a sum of S$220 million. The trust had acquired the property in 2010 from its sponsor, Frasers Property.
Mapletree Logistics Trust is announcing the purchase of two properties in India, its firsts in this country so far.
The purchased assets, located around Pune, are:
Together, they have a 2.2 years WALE and a total of 87,256 m² NLA.
The price of about S$84.2 million and associated fees will be financed by debt.
The trust expects the operation to be DPU accretive. Upon completation, pro forma leverage would be about 40.1%.
Ascendas REIT isn't done shopping for more assets as it announces the acquisition of 11 data centres in Europe from a subsidiary of Digital Realty Trust (a specialized REIT listed in the USA).
The purchased assets are 11 properties spread across the UK, France, the Netherlands and Switzerland:
The S$960.0 million total cost will be internally funded through debt and cash (from the proceeds of the fund raising done last Decembre).
The manager expects the acquisition to be yield accretive, increasing DPU by 1.3%.
Ascendas India Trust is announcing the acquisition of industrial facility in Chennai, India. The purchased property is a grade A industrial building within Mahindra World City, still under construction. Fully pre-leased, the facility is built on a 8.82 acres leased land with about 97 years left on the lease.
The manager expects the operation, to be finalized this year, to be yield accretive.
Cromwell European REIT has completed a private placement and raised 100 million Euros, issuing 232.6 million new units at a price of 0.43 € per unit.
Roughly a third of the proceeds will be used to replenish working capital, following the Reit's recently completed 52.6 million euro acquisition of a logistics park in Italy.
Another 64 million euros will partially fund the Reit's acquisition of 11 properties in the Czech Republic and Slovakia, which is expected to complete before March 31, 2021.
Ascendas India Trust is announcing the acquisition of aVance 6, a building within HITEC City, Hyderabad, for the price of about S$92.03 million. Built on freehold land, it is 98.3% leased to Amazon.