REIT Oracle

Your data source for Singapore's REITs.
Top 5 YielderLastYieldDisc. to NAVGearing
Eagle Hospitality Trust0.13720.64%83.1%37.6%
Lippo Malls Indonesia Retail Trust0.08515.41%69.4%35.7%
First REIT0.43015.35%55.7%34.9%
Elite Commercial REIT0.65012.00%-6.6%32.6%
ARA US Hospitality Trust0.3009.50%61.0%42.5%
All Singapore REITsAll Malaysian REITsAll Thai REITs
News about Elite Commercial REIT

Elite Commercial REIT Makes First Acquisition

Elite Commercial REIT is announcing it's first asset acquisition, a portfolio of 58 British properties sold by its sponsor for a total of £212.5 million. Primarily occupied by UK government entities, the fully-leased properties have a long WALE of 7.4 years and are mostly freehold.

Financing will be done through debt and the issuance of new units. The manager expects the operation be to DPU accretive.

News about Mapletree North Asia Commercial Trust

Mapletree North Asia Gets Insurance Payments

Mapletree North Asia Trust, which owns the Festival Walk mall in Hong Kong, has started receiving payments from its insurance for the damage the mall suffered during the protests and civil unrest last year:

"To date, the manager has received interim payments of HK$263 million (approximately S$46 million) on account of the estimated insurance claims," MNACT manager noted on Wednesday.

News about Sabana REIT

Activists Tries to Raise Sabana Takeover Price

Bloomberg covers the activist fight to raise the price of Sabana REIT in its takeover by ESR REIT:

Moermann put a value of 54.5 Singapore cents apiece on Sabana shares in a cash-plus-stock deal. But when the all-stock merger with ESR-REIT was finally announced in July, each Sabana unit was implicitly judged to be worth less than 38 Singapore cents, way below the book value of 51 cents. “We’re not here to fight over who gets one more piece of salami on the pizza,” said Adrian Chui, chief executive officer of ESR-REIT. “We want the pizza to become bigger.”

News about Suntec REIT

Suntec to Makes Acquisition in London

Taking advantage of a cheaper British Pound and the current economic slump, Suntec REIT is planning to acquire a 50% stake in an office property with attached retail space in London, UK.

The leasehold property, completed in 2016 & 2017, comprises two Grade A office buildings (Nova North and Nova South) and a residential tower with retail space (The Nova Building - the residential space not being part of the transaction). Its land lease expires in 3062 and has about 51,900 m² of total lettable area.

With 35 tenants, the property has a 100% committed occupancy and a NPI yield of 4.6%, with a long WALE of 11.1 years.

The transaction is done on an agreed property value of £430.6 million (totaling about S$773.9 million after adding fees), which the manager expects to finance through debt, pushing leverage to 45.2% and making the operation DPU accretive.

News about Eagle Hospitality Trust

Directors of Eagle Hospitality Trust Arrested

Eagle Hospitality Trust's saga continues as the The Straits Times reports on the arrest of its directors:

All six of Eagle Hospitality Trust's (EHT) former and current Singapore-based directors were arrested and released on bail on Oct 1 on "reasonable suspicion" over breaches of disclosure rules.

This follows from ongoing police investigations, first announced in June, over suspected breaches of disclosure requirements on Section 203 read with Section 331 of the Securities and Futures Act (Chapter 289) of Singapore, said the managers in a regulatory filing on Friday night (Oct 2).

Market news —

Far East Consortium Considering Singapore REIT Listing

Hong Kong developer Far East Consortium International is studying the possibility of listing an hospitality REIT in Singapore.

Far East Consortium owned 28 operating hotels with about 7,500 rooms at the end of March, with a further 15 properties in the development pipeline, according to its full-year results announcement. Most of them are concentrated in Hong Kong, with the rest spread across mainland China, Malaysia, Singapore, Australia and Europe.

News about CapitaLand Mall Trust

CapitLand Malls and Commercial Trusts Are a Go!

Shareholders of both CapitaLand Malls Trust and CapitaLand Commercial Trust have approved the merger of the two trusts during their respective EGM.

The merged entity is expected to be one of the largest Reits in the Asia-Pacific and the largest in Singapore by market capitalisation (S$12.7 billion) and total portfolio property value (S$22.4 billion).

Market Averages

6.1% yield (using last quarter)
6.5% discount to NAV